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Post# of 195525
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cliffvb

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cliffvb

Re: None

Wednesday, 07/18/2018 12:04:05 PM

Wednesday, July 18, 2018 12:04:05 PM

Post# of 195525
Housing starts were weaker than expected in June. Some believe that higher costs and an uptick in interest rates is having a negative effect.

I think the drop is only temporary. The number tends to be volatile going from month to month. Much of the drop was in multifamily starts (vs single family). Also permits were actually up slightly from the previous month.

Homebuilder stocks have moved down on the news though.

http://www.builderonline.com/money/economics/starts-permits-down-sharply-in-june_o
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