Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: gregor_us who wrote (4462)	4/16/2004 9:10:17 AM
From: mishedlo	Read Replies (1) of 116555

Housing starts top 2 million in March Friday, April 16, 2004 1:46:22 PM WASHINGTON (AFX) -- Starts of new U.S. houses rose about 6.4 percent March to a seasonally adjusted, annualized pace of 2.01 million units, the Commerce Department said Friday. The stronger-than expected rise is the first increase since December and largest monthly gain since May 2003 Starts hit a 20-year high of 2.06 million in December as builders reacted to low interest rates and record new home sales. Housing starts have risen 15.3 percent since March of last year. Economists were looking for starts to accelerate slightly in March, to about 1.91 million units, according to a survey conducted by CBS MarketWatch ====================================================================== Treasury rally in the face of this news is bullish IMO. Treasury and eurodollar selloff quite overdone Mish

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