Bloomberg: “U.S. housing starts jumped to a four-year high”

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


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