FYI: After bid declines last month, housing data for the month of April (in terms of Housing Starts and Building Permits) showed a nice rebound. Relative to expectations, though, the data was mixed. As shown in the table to the right, Housing Starts exceeded expectations by 47K which was the biggest beat since last September’s report. Building Permits, however, missed consensus expectations by 19K, marking the third straight weaker than expected report
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/mixed-housing-data-3/