Here's Why You Should Ignore Today's Massive Housing Starts Plunge
Everyone should calm down and wait another month.
Housing starts got clobbered in the Northeast and the Midwest
Source: BloombergThis article is for subscribers only.
Today's Housing Starts number (down 17 percent, the worst in four years) looks like a disaster, but Bloomberg economist Carl Riccadonna Tweeted some words of calm for everyone. In a nutshell: This is all about weather, and people should wait for March. Here are his tweets.