Housing Construction decline by 0.7% in Apr. Housing Construction data is more of a leading indicator. This shows that the sub prime crisis and the housing crisis is still far from over. Funny thing is Wall Street futures shows an upward bias because investors feel that 0.7% shows that the housing decline is bottoming up. Frankly this is too optimistic a thinking. Further more oil goes back to $125. Their celebration of lower oil prices is really short sightedness.
Archive for the ‘Housing Construction Decline by 0.7% in Apr’ Category
Housing Construction Decline by 0.7% in Apr
By Finance in Housing Construction Decline by 0.7% in Apr
May
16
Comments (0)