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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (4516)	4/16/2004 2:43:06 PM
From: Haim R. Branisteanu	Respond to of 116555

ALERT - Privately-owned housing starts in March were at a seasonally adjusted annual rate of 2,007,000. (not only do they adjust but also multiply by 12 months so a small positive change is magnified 12 times all in good VOODO logic and accuracy) In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take 4 months to establish an underlying trend for building permit authorizations, 5 months for total starts, and 6 months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2%) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percent change is likely to have occurred. census.gov