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US data preview: Housing starts expected to dip

Posted on 17 November 2010

From Automatedtrader.net: Wednesday’s report by the Commerce Department is expected to show another dip in U.S. housing starts, evidence of the continued stagnation in the housing sector. According to a survey of economists by Market News International, housing starts are expected to drop from an annual pace of 610,000 to 590,000.
Kim Rupert, economist at Action Economics, said in a telephone interview that her expectations are for “a leveling-off at this point,” given the severity of the drop-off in sales following the expiration of the homebuyer’s tax credit……………………………………….Full Article: Source


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