Housing Starts Slide In May, Despite Plunging Rates

Zero Hedge | 6/17/2019 | Staff
AnnieFoxx (Posted by) Level 3
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Despite the hype of soaring mortgage applications (refis, not purchases) and homebuilder stocks, housing starts tumbled 0.9% MoM in May (drastically missing expectations for a 0.3% rise), and while permits rose a better than expected 0.3% MoM, it remains very flat for the last six months.

Multi-family permits fell in May (to 820k) as...
(Excerpt) Read more at: Zero Hedge
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