DislikedHousing Starts May Drop to 14-Year Low: U.S. Economy Preview
By Bob Willis
Nov. 18 (Bloomberg) -- Housing starts in the U.S. fell to a 14-year low in October, signaling the real-estate slump will continue to weigh on growth, economists said before a report this week.
Construction fell 1.8 percent to an annual rate of 1.17 million homes, according to the median forecast of economists surveyed by Bloomberg News before a Commerce Department report on Nov. 20. Building permits, an indicator of future activity, fell 2.1 percent to a 1.2 million pace, economists forecast.
news from sunday at bloomberg...Ignored
With this FA plus BOE possibility of CUTTING IR Rate... Plus China Man Announcement.... We've got PING PONG Market One say UP... another one say Down. This is what happen everytime approaching X-Mas or End of Year.... Super Duper CRAZY