The economic reports from the US housing sector earlier today has helped push back against some of the pessimism dominating the market lately. US housing, while still not performing at a stellar rate of growth, nevertheless appears to be holding its own.
Data from today’s housing starts and building permits reports revealed solid and stable growth, mildly above market forecasts. Expectations for both were in the ball park of 0.58M and 0.61M, respectively. Actual results were in at 0.63M and 0.62M.
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