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Home starts UP 9% in February. Wait, what...?

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Home starts UP 9% in February. Wait, what...?

Unread postby emersonbiggins » Tue 20 Mar 2007, 23:06:40

Yep, more conflicting economic news.
$this->bbcode_second_pass_quote('', ' ')NEW YORK (Reuters) - The pace of U.S. home construction rose 9 percent in February, beating analysts' predictions and running against dismal news in the subprime home financing sector, a government report showed on Tuesday.

KEY POINTS: * The Commerce Department said housing starts set an annual pace of 1.525 million units in February compared with a 1.399 million unit pace in January. That's the sharpest month-over-month increase since a 13.1 percent rise in January 2006. * Economists had forecast February housing starts to rise to a 1.45 million unit pace from January's originally reported pace of 1.408 million units. * Building permits, which signal future construction plans, fell 2.5 percent to a 1.532 million unit pace. Economists were expecting building permits to register a 1.55 million unit pace, down from 1.571 million in January.
more @ Reuters article
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Re: Home starts UP 9% in February. Wait, what...?

Unread postby NEOPO » Tue 20 Mar 2007, 23:50:30

Ok I see a serious problem with this piece yet I would rather wait and see who else see's it... yeppers.
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