Housing News

In housing news, the latest report showed Housing Starts declined 5.6%, just a touch more than expected, and Building Permits – which indicate future new construction activity – fell 6.7%. Economists were expecting some declines, but because the numbers were slightly lower than anticipated, this was also a positive for Bonds. Overall, housing numbers continue to remain strong – but all of the housing related reports are important to watch month over month, so we can determine any change in trend to the hot housing market.