Showing posts with label housing starts. Show all posts
Showing posts with label housing starts. Show all posts

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?