Economic Report: Housing starts slip, but permits rise as all signs point to stronger growth ahead – The B-Trader

By iStockphotoA frame apartment beneath building is proven in opposition t a background of blue sky with clouds The numbers: Builders began new homes at a tempo of one.269 million in May, the Commerce Department said Tuesday, above MarketWatch expectations for 1.23 million starts, however down on April’s tempo and down 4.7% on an analogous month final 12 months.

The Commerce Department will announce September housing starts and building permits at 8:30 a.m. ET. Economists forecast. GE earnings, housing data on tap Home

The economic fundamentals are not strong despite solid job growth and until that disconnect is ended, we have to assume growth will moderate. Investors, though, continue to be jerked around by the president’s tweets and until that changes, all I can do is point out what the economic data mean, not what the markets may do.

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US construction spending up strong 1.3 percent in January. Fox News – Associated Press. WASHINGTON – Spending on U.S. construction projects in January posted the biggest gain in nine months, as strength in nonresidential construction and government projects offset continued weakness in home construction.

Permits, which foreshadow future starts, were 0.3% higher for the month but 0.5% lower than May 2018. The government’s reports on new-home construction and sales are collected from small samples, and can be volatile.

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Economic Report: Housing starts slip, but permits rise as all signs point to stronger growth ahead. Posted by: Market Watch in Market News 44 mins ago

Permits, which foreshadow future starts, were 0.3% higher for the month but 0.5% lower than May 2018. The government’s reports on new-home construction and sales are collected from small samples.

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