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http://www.bloomberg.com/bbn/index.html
"01/21 08:53
U.S. December Home Starts Rise 5% to 1.835 Mln Pace (Update1)
By Siobhan Hughes
Washington, Jan. 21 (Bloomberg) -- U.S. home construction
unexpectedly surged in December, completing the best year for the
industry since 1986, as housing helps bolster the economy.
Builders broke ground on new homes at an annual pace of 1.835 million
units, the fastest since June 1986, the Commerce Department said.
That was up 5 percent from November's revised 1.747 million pace and
exceeded expectations of a 1.68 million- unit rate.
Some 1.705 million homes were started last year, the most in 16
years..."
I'm not a fundementals / news guy, but I'm curious how the doom and
gloomers see this. Were there "pops" like that in the early 1930's
several years into that bear?
I really don't know, just asking.
BW
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