No. 893: May 2017 Housing Starts, Consumer Liquidity Update
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