Housing Starts Continued to Hold in Smoothed, Low-Level Stagnation,
Never Having Recovered Pre-Recession Highs

Second-Quarter Starts Growth Slowed Sharply Amidst Downside Revisions

Downside Benchmark Revisions to Key Series Underlying the GDP
Indicate Pending Downside Benchmark Revisions to the GDP

First- and Fourth-Quarter 2015, and First-Quarter 2016 GDP
Are Most Vulnerable to Negative Revisions

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