Here's the summary for the Commerce Department's New Residential Construction release:
- Associated Press Headline And Lead: "Housing starts rise in Sept.; wholesale prices dip... Construction of new homes edged up slightly in September, helped by a rebound in single-family construction."
- Department Of Commerce News Release: click here.
- Key Numbers: New Privately-Owned Housing Units Authorized in Permit-Issuing Places Not Seasonally Adjusted, Aug 2009=51,100, Aug 2008=70,900. New Privately-Owned Housing Units Started Not Seasonally Adjusted: Aug 2009=52,700, Aug 2008=73,900.
- Last Month's Unadjusted Year-Over-Year Numbers: Permits Down 31% And Housing Starts Down 28%
Here's
my uneducated (also not not spun by guys trying to make you a sucker)
interpretation: House construction is still falling good and hard
year-over-year.
MontyHigh, www.worldofwallstreet.us
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