US housing starts
- Prior was 1.277m (revised to 1.314m)
- Single family -2.2%
- Multifamily +19.6%
- Permits 1.446m vs 1.395m prior
Yesterday's NAHB number was a bit better and long end yields fell yesterday near a three-month low. Home builder stocks absolutely shot higher as the market senses a bottom in the cycle.
