|
Drop in U.S. Housing Starts Due to Inflated June Figure, but Trend Still Downward
|
|
|
Posted on
Aug 21 2008 2:10 AM
by
adeal
|
Despite coming in slightly higher than was expected, housing starts still slid 11% to 965k in July, though economists say the drop is misleading given the artificially high reading in June. Last month, economists unanimously agreed that the headline index was misleading due to a change in the housing code of New York City which propelled the jump.
|
|
No comment found for this blog
|
|