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DewDiligence

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DewDiligence

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Re: DewDiligence post# 8383

Tuesday, 08/18/2015 8:19:17 PM

Tuesday, August 18, 2015 8:19:17 PM

Post# of 29294
(PCL)—US housing starts at 8-year high:

http://www.wsj.com/articles/housing-starts-edge-up-0-2-1439901362

U.S. housing starts rose 0.2% from a month earlier to a seasonally adjusted annual rate of 1.21 million last month, the highest since October 2007, the Commerce Department said Tuesday. That is the third time in four months the figures reached a new high since the recession began.

Starts on single-family units, which exclude apartments and represent almost two-thirds of the market, jumped 12.8% to their highest level since December 2007.

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

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