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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (45991)	7/18/2018 10:23:57 AM
From: Goose94	Read Replies (1) of 202413

Lumber: Latest U.S. housing data weakened more than expected. The Commerce Department’s latest economic data showed that U.S. housing starts fell 12.3% in to a seasonally adjusted annual rate of 1.17 million units in June, down from May’s revised rate of 1.3 million. Consensus forecasts compiled by most news organizations called for starts to be around 1.32 million. According to reports, housing starts have fallen to a nine-month low. Annually, housing construction dropped 3% from June 2017. Meanwhile, the Commerce Department said the tally of building permits – important as an indicator of future construction activity – fell by 2.2% last month to an annualized rate of 1.273 million, down from May’s revised rate of 1.312 million. Economists were expecting to see an increase to 1.32 million.

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