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DewDiligence

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DewDiligence

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Re: DewDiligence post# 9003

Thursday, 01/22/2015 11:33:05 AM

Thursday, January 22, 2015 11:33:05 AM

Post# of 29611
(PCL)—US single-family housing starts finish 2014 strongly:

http://www.wsj.com/articles/housing-starts-rise-4-4-in-december-1421847270

A burst of groundbreakings for single-family homes last month offered hope a key segment of the housing market is revving up after years of malaise. Housing starts rose 4.4% in December from a month earlier to an annual rate of 1.089 million, the Commerce Department said Wednesday.

Starts on single-family homes, which exclude apartments and reflect the bulk of the market, rose to a rate of 728,000, the highest level since March 2008.

For timber companies, single-family starts are much more consequential than multi-family starts.

See chart in #msg-101175278 for related info.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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