More Mixed Signals

More Mixed Signals

While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts were at a 926,000 annualized rate while permits were at a 1.04 million annualized rate. Consensus estimates were for rates of 1.04 million and 1.08 million, respectively. The housing recovery continues to exhibit choppiness as it tries to gain traction towards a meaningful upward trend.

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Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

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