Hi BHC
this should ,ake you happy
New housing starts, to be released this morning, will probably show a drop of 9.9% to an annual rate of 960,000 (from 1.066 million the month before), which will be the lowest in 17 years, according to the Bloomberg survey. This is a good thing—as the supply drops, we get closer to the bottom in prices. As Bloomberg reports, “construction companies are making some headway in reducing the supply glut. The number of new homes for sale dropped in June by the most in four decades. “
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