Last Friday’s report on housing starts came in nicely above estimates, now how about that. Enjoying their third increase in the last four months, housing starts rose 8.2% in April, which works out to a rate of 1.032 million units a year. That almost equals the average level of the past four months–1.031 million units. [...]

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INFO THAT HITS US WHERE WE LIVE Last week had some bad news/good news for the housing market. Bad news: the U.S. Census Bureau announced that residential construction spending for March hit its lowest level in five years. Good news: less new construction means fewer homes will be added to the inventory.
Then some real [...]