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DewDiligence

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Re: 10nisman post# 11286

Wednesday, 12/16/2015 2:37:12 PM

Wednesday, December 16, 2015 2:37:12 PM

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(WY/PCL)—US housing starts reached 1.173M* in November, +10.5% YoY:

http://www.wsj.com/articles/u-s-housing-starts-surge-10-5-in-november-1450273007

In a key development, construction is picking up not just in apartments but in single-family homes, too. Starts in the latter category—reflecting two-thirds of the market—reached a nearly eight-year high in November.

Single-family homes use more lumber per unit than multi-family dwellings.

PCL forecasts 1.25M housing starts in 2016 (#msg-118004826).

*Seasonally-adjusted annualized rate.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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