Just when the US economy looked like it could be slowing a bit, new residential housing construction blew away expectations
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)
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...
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