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More of those green shoots … cough cough

Posted by ipso facto @ 10:26 on July 17, 2014  

Construction of New U.S. Homes Declines on Plunge in South

Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S.

Housing starts fell 9.3 percent to an 893,000 annualized rate from a 985,000 pace in May that was weaker than initially estimated, figures from the Commerce Department showed today in Washington. The median estimate of 79 economists surveyed by Bloomberg called for a 1.02 million rate.

cont. at http://www.bloomberg.com/news/2014-07-17/housing-starts-in-u-s-unexpectedly-fall-on-plunge-in-south.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.