More Mixed Signals
April 16, 2015

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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Tags Housing Starts
Category Housing Market

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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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Renewed Life in the Inland Empire

Signs of renewed life in the Inland Empire? Despite the optimistic slant of this article, word on the street still seems to be that housing activity is sluggish in inland