Posted on 06/16/2011 7:10:23 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — Ground-breaking on new U.S. housing units recovered a bit in May after a sharp drop in April, but remained well below levels that would provide any boost to the economy.
Starts rose 3.5% to a seasonally adjusted annual rate of 560,000, but remain 5.6% below March, the Commerce Department said.
Economists surveyed by MarketWatch were expecting a smaller gain, with starts forecasted to rise to a 550,000 rate. See MarketWatch calendar with forecasts of major indicators.
(Excerpt) Read more at marketwatch.com ...
Of course these ‘good’ numbers won’t be blamed on natural disasters in the SE from recent tornados....they’re just signs of a booming increasing Obama economy, dontchaknow....
sure....
until they ‘adjust’ them later
This is suspiciously close to yesterdays bad news
let me correct that...
This made up good data is suspiciously close to yesterdays actual bad data
If this is the same as Marketwatch.com, I pay zero attention to it.
Just more of the same Marxist jive.
You really have to want to be the original owner or have a particular place you wish to have your home to actually build in this buyers market of homes. The deals out there are extraordinary.
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