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Mays’ 3.5% gain in housing starts does not signal a housing recovery immediately ahead

Housing starts increased 3.5% to a 560,000 annual pace in May and the previous two months were revised slightly higher. This is a rare item of good news amidst a flurry of sour economic reports in the last two months. The May total is almost at the 565,000 monthly average over the last year. The housing market remains stalled. The May gain is not a signal that sustained gains are immediately ahead.
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The Jobless Claims, Durable Goods, Spending, And Income Blizzard Is Out!

Business & Finance : Business Insider: Clusterstock (4 years ago)

The numbers: Personal income beats expectations with a 0.3% gain vs. 0.2% expected. Spending was up 0.4% vs. 0.5% expectations. Previous month was revised higher. Jobless claims of 420,000 is slightly better than expected, and exact... Read Post

HOUSING STARTS HIGHER THAN EXPECTED, BUILDING PERMITS LOWER (XHB)

Business & Finance : Business Insider: Money Game (6 months ago)

December U.S. housing starts and building permits data are out. Starts fell 9.8% to 999,000 units at an annualized pace. November's starts figure was revised up to 1.107 million units annualized from 1.091 million. Building permits ... Read Post

GDP grew at a slightly faster pace in the third quarter, government says

Business & Finance : Money & Co (4 years ago)

In a small but still encouraging sign the economic recovery has picked up, the government on Thursday revised its estimate of third-quarter growth slightly upward to an annualized rate of 2.6%. The figure is up from the previous est... Read Post


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