The numbers are in, the analysts are out, and given the volatility of this particular economic indicator, the spin is at full speed:
“Good News on Housing Permits More Than Offsets the Bad News on Starts”— HIS Global Insight
“Housing Starts Decline Again” – Capital Economics
“March Multifamily Starts Down; Permits Continue Upward Trend”— KBW
“March Construction Numbers Aren’t As Bad as They Look”— Trulia.com
“Housing Starts Lacking Consumer Confidence” — Sageworks Inc.
Here’s the problem: We are living a tale of two housing markets, single and multi-family. Depending on what kind of builder or investor you are, you’re going to see the housing starts numbers differently. Let’s weed through it first:
Read more...A Tale of Two Housing Markets: Single and Multi Family, US Business News - CNBC
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