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FYI: Although homebuilder sentiment may have hit a post-recession high in Wednesday's report, Housing Starts and Building Permits were big disappointments this week. In the case of Housing Starts, economists were expecting a seasonally adjusted annualized rate (SAAR) of 1.037 million, but the actual level came in at just 956K. For Building Permits, the miss was not quite as large, but it was still a miss nonetheless (998K versus 1.04 million). Regards, Ted http://www.bespokeinvest.com/thinkbig/2014/9/18/housing-starts-and-building-permits-disappoint.html?printerFriendly=true
