Wednesday, November 17, 2010

CPI Tame But Housing Starts Plunge

from Zero Hedge:

Elsewhere housing starts and building permits both missed expectations by a wide margin, coming in at 519 (vs exp of 598K), and 550K (vs exp of 568). Starts plunged from a revised 588K the month prior. One wonders how this contraction for the builders will be spun.