Housing Starts Collapse Most In 8 Years To 18 Month Lows
by Tyler Durden
ZeroHedge.com
03/17/2015
Housing Recovery? Yellen, we have a problem. Housing Starts for February collapsed 17% – this is the biggest MoM drop since February 2011. At 897k SAAR, this is the first sub-900k print since September 2013 and biggest miss since Feb 2007. Multi-family starts are the lowest since June 2014. The collapse was dominated by the Northeast (-56.5%) and Midwest (-37%) so it must be the weather, right? Not so fast, The West region saw starts collapse 18.2%. Permits for multi-family units rose notably as single-family permits dropped to one-year lows…
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