Housing's Steady Foundation
Is there still some kick left in the U.S. housing market? It appears that way, based on the headline figure for the May U.S. housing starts report, released June 20. Housing starts rebounded 5% on the month, to a 1.957 million annual rate, vs. economists' median forecast of 1.85 million. The May figure follows a revised 1.863 million pace in April (from 1.849 million initially).
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