The Commerce Department reported that the headline number for August housing starts was 1.142 million units. This was below the overly optimistic consensus estimate of economists of 1.186 million, and below the July figure of 1.212 million. The numbers are reported on a seasonally adjusted annualized basis, which means that any month to month error…
The post Housing Starts Disappoint, Big Picture Worse, But Does It Matter? was originally published at The Wall Street Examiner. Follow the money!