FYI: We saw some mixed news relative to expectations on the housing front this morning as Housing Starts came in better than expected while Building Permits missed. Based on the absolute data, though, the date remains positive. In the case of starts, economists were forecasting a SAAR rate of 1.15 mln, but the actual level came in at 1.178 mln. That represents a 5.2% m/m increase over January when starts fell 3.4%. Building Permits came in weaker than expected, falling to a SAAR rate of 1.167 mln.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/housing-starts-beat-permits-miss/
