While Ben Bernanke spent the past couple days on Capitol Hill delivering some dour predictions for U.S. economy, the one …
housing starts
June Home Sales Disappoint (But Housing Starts Are Up)
Sales of previously owned U.S. homes (which make up the majority of the real estate on the market) were running at a disappointing 4.77 million annual rate in June, according to the latest release from the National Association of …
Housing starts sputter, but maybe that’s not all bad
The smaller-than-expected number of housing starts in May helped send the stock market lower this morning. This chart from Calculated Risk (which you can click on to make larger) puts things in perspective:
What, exactly, are we starting here?
Housing starts in January hit their highest level in half a year, the Commerce Department reported (PDF) this morning—seemingly good news for those banking on a real-estate rebound. More specifically:
Privately-owned housing starts in January were at a seasonally adjusted annual rate of 591,000. This is 2.8 percent (±11.5%)* above
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