Wednesday, June 18, 2014

Two Conflicting Views of May Housing Starts and Permits


Bloomberg: Housing starts in U.S. beat 1 million pace for second month…indicating the industry is picking up this quarter after a weather-induced slump to start the year.”

Zero Hedge: “May housing starts and permits was very disappointing. Both missed expectations and tumbled from previous month by the most since January”

Which one is correct? 




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