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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: ForeverDell who wrote (125796)	5/18/1999 10:26:00 AM
From: Alohal	Read Replies (1) \| Respond to of 176387

God morning all! Does anyone have the link for the CC this afternoon? I know it's been posted here, but I'm a little disorganized this AM! Thanks and aloha. BTW: Isn't it amazing how Kumar is focused so blatantly on having his cake and eating it too. Must be hell living with an ego that outsized!

To: ForeverDell who wrote (125796)	5/18/1999 11:29:00 AM
From: D.J.Smyth	Respond to of 176387

ot May 18, 1999 -------------------------------------------------------------------------------- Housing Starts Plummet 10.1% In Sharpest Drop in Five Years An INTERACTIVE JOURNAL News Roundup WASHINGTON -- Construction of new homes and apartments plummeted by 10.1% in April, the biggest monthly decline in more than five years. See the full text of the Commerce Department's report on April housing starts. See Briefing.com for more information on housing starts. Builders started work last month on 1.57 million units at a seasonally adjusted annual rate, the Commerce Department said Tuesday. The April figures were well below what Wall Street had been expecting. The median estimate in a survey of 16 economists by Dow Jones and CNBC called for a 1.3% decline to an annual pace of 1.743 million. The data would seem to lend ammunition to members of the Federal Reserve's Open Market Committee who argue the Fed should be cautious about any potential changes in interest-rate policy. The committee, which sets key interest rates, is set to begin its meeting later Tuesday and is monopolizing the attention of global, as well as U.S., markets. The drop-off in April took housing starts to the lowest level since May 1998 and marked the third straight month of declines. According to updated estimates, however, construction fell by just a tiny 0.06% in March, far less than the estimate of 1.3% decline previously reported. In February, housing construction fell 3.7%, according to the revisions published Tuesday. The recent string of declines follows a 12-year-high construction rate hit in January of 1.82 million units. Although April's sharp drop -- the biggest since a 17% decline in January 1994 -- came as a surprise, economists have been expecting a moderate decline in construction rates this year from a torrid pace in 1998. The lowest unemployment in nearly three decades, stock-market gains and low mortgage rates have combined to create unprecedented demand for new and existing homes. However, shortages of materials and labor have hampered building in some parts of the country this year, and there have also been signs that inflation and mortgage rates may be starting to edge up. Consumer prices rose 0.7% in April, the biggest jump in nearly nine years, which included an increase in housing costs. And a nationwide survey by Freddie Mac, the mortgage company, showed 30-year mortgages rose to an average rate of 7.10% last week, approaching the 10-month high of 7.11% hit in mid-March. Building permits, a good sign of future activity, fell 5.1% in April, also following declines in February and March. The drop in housing construction reflected an 11% dip in single-family homes started and a 6.5% decline in apartment building.