Confirming the recent strength in economic data, today the Commerce Department reported that housing starts jumped to 1,226k up from a revised 1,102k in the prior month, and above the 1,188K estimate, driven by a 54% surge in multi-family units, which rose from last month’s disappointing 271K to 417K in December, returning to the trending observed in past years.
This post was published at Zero Hedge on Jan 19, 2017.
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