Beazer Homes Inc. (BZH)

[Wildbilly]

Wed. recap, housing.

Morning economic data in the form of housing starts showed a sharp increase, but this was mainly attributed to an erratic month-to-month decline in multi-family housing starts. Housing starts declined 8.5% MoM to a seasonally adjusted annual rate of 890,000 in January from a revised higher 973,000 in December. Building permits, on the other hand, showed a nominal 1.8% MoM increase to a seasonally adjusted annual rate of 925,000 from 909,000 last month.