May Housing Starts Plummeted on Top of Downside Revisions,
Confounding Happy, Rebounding Consensus Expectations


Stagnant to Downtrending Activity Remained Shy of Recovering
Pre-Recession Peaks by 52.0% (-52.0%) for Housing Starts and
by 48.4% (-48.4%) for Building Permits


Consumer Liquidity Stresses Continue to Restrain Broad Economic Growth

 

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