BusinessDaily.eu – By Mikkel Roland Egesberg – On Bloomberg news we can read the headline “Japanese Stocks Rise on U.S. Housing Starts, Weaker Yen”In the article they write:
“Japanese shares rose, with the Nikkei 225 (NKY) Stock Average recording its longest winning streak in two months, after U.S. housing starts jumped to a four-year high and the yen weakened.”
Futher down they write this
“…housing starts jumped 15 percent to an annualized 872,000 last month, exceeding all estimates in a Bloomberg survey.”
Much talk, but how is the real picture? Lets take a look at the numbers:
– So BloombergBusinessweek says the number of housing starts in the US is “exceeding all estimates” and is “a 4 year high”, but from the figure, you can see that there is still a LONG way up to before the US housing bubble bursted, a 4 year high is not as impressive as it sounds.
BusinessDaily.eu – Less Talk, More Facts