Jun 19, 2017

Housing Starts Declining, Trouble Ahead?

We had an unexpected big drop in housing starts. This is the third month in a row that the starts are down but not only where housing starts way down but building permits were also way down so that means that this trend is likely to continue. The last time we had three consecutive monthly declines it was in 2009. What was going on in 2009? Oh, the greatest recession since the Great Depression! (KB Home (NYSE:KBH), Lennar Corporation (LEN), SPDR S&P Homebuilders (ETF) (XHB), D.R. Horton (DHI))

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