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Politics : Stockman Scott's Political Debate Porch
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To: lurqer who wrote (8178)10/17/2002 8:58:44 AM
From: stockman_scott   of 89467
 
08:34 ET Starts much stronger than expected; claims worse
Housing Starts soared 13.3% to 1.843 mln, well above the consensus of 1.64 and the best reading since 1986; starts may have been helped by mild September weather. However, permits also were very strong, rising 3.7%, and suggesting underlying strength in housing continues. Jobless claims jumped 22K to 411K, reversing the prior week's decline and indicating that this recovery continues to be a jobless recovery.
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