Wednesday, March 16, 2016

Unexpected Rise In Housing Starts Anticipated By #Lumber

Fear driven headlines stemming from the Presidential election garner a lot more attention than quieter message of the market (COT Matrix or Review of Lumber). Below is a classic example of headline explanations lagging the message of the market.

Headline: US housing starts rebound as single-family projects soar

U.S. housing starts rebounded more than expected in February, hitting their highest level in five months, as builders ramped up the construction of single-family homes in a sign of confidence in the economy.

Groundbreaking increased 5.2 percent to a seasonally adjusted annual pace of 1.18 million units, the highest level since September, the Commerce Department said on Wednesday. January's starts were revised up to a 1.12 million-unit rate from the previously reported 1.099 million-unit pace.



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