Housing starts rise 14.6% to a five month high.
Tornado and flood damaged homes. New permits on these homes get counted. Numbers are always mis-leading.
So full time, non-service industry jobs aren’t are barely increasing, there’s no real stimulus happening, there are millions of foreclosed houses in reserve owned by banks and new house construction is up…???
It is no doubt that it is incomprehensible to many. How else mystery might unfold until it becomes the obvious and the obvious, a mystery?
Also permits for new apartment buildings.
FHFA House Price Index Rises 0.4 Percent in May;
Second Consecutive Monthly Increase