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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Henry Volquardsen who wrote (1568)5/18/1999 9:50:00 AM
From: Paul Berliner  Read Replies (1) of 3536
 
I think the housing start figures are an abberation due to the unfavorable weather in the midwest, where I presume that construction was put on hold during the entire catastrophic period. For the
housing starts ex-midwest (rest of the country), my guess would be that they were flat to slightly higher.
The back up in mortgage rates shouldnt have a noticeable effect on the
housing start number yet - after all, what's another 25 basis points to Mr. & Mrs. John Q Taxpayer when they have millions in their 401Ks
and are long AOL and Priceline!
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