Just when the US economy looked like it could be slowing a bit, new residential housing construction blew away expectations
Jay Soloff
Argonath Financial
Just when the US economy looked like it could be slowing a bit, new residential housing construction blew away expectations. Housing starts came in at 1.1 million in July, significantly higher than the 945.000 in June. The July figure represents a 22% year-over-year increase. What's more, building permits climbed 8% from June's level and 8% from the same time last year. With housing such an important component of spending, it's hard to argue the US economy is in trouble after seeing these numbers. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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