Housing Starts Decline 11.1%, Underperform Economists’ Expectations, Still Labeled "Solid"; GDPNowcast Ticks Down 0.1%

Housing Starts Decline 11.1%, Underperform Economists’ Expectations, Still Labeled "Solid"; GDPNowcast Ticks Down 0.1% Housing starts underperformed the Bloomberg Econoday Economists’ Consensus Estimate enough for the Atlanta Fed GDPNow Forecast to give back the 0.1% it gained yesterday, yet the report is still considered "solid". Don’t let the headline fool you, the housing starts & permits report points to solid strength for the housing sector.

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Housing Starts Decline 11.1%, Underperform Economists’ Expectations, Still Labeled "Solid"; GDPNowcast Ticks Down 0.1%