Everyone! U.S housing starts unexpectedly rise to a 6-month ...
Everyone! U.S housing starts unexpectedly rise to a 6-month high!
New-home construction crushed expectations in November, rising by 1.56 million versus 1.36 million expected.
A remarkable 7+ standard deviation beat, according to Bloomberg.
The surge is likely tied to the decline in interest rates.
The 10-year yield, which was at +5% in October, saw a decrease to 4.2% in November.
Relaxed financial conditions directly trickling through to benefit the real economy
New-home construction crushed expectations in November, rising by 1.56 million versus 1.36 million expected.
A remarkable 7+ standard deviation beat, according to Bloomberg.
The surge is likely tied to the decline in interest rates.
The 10-year yield, which was at +5% in October, saw a decrease to 4.2% in November.
Relaxed financial conditions directly trickling through to benefit the real economy
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iamiam : this is INFLATIONARY