Industry News
Mortgage Industry News
November Housing Starts Rise
12/16/2010
It already has been an extremely volatile morning. November Housing Starts rose 4% from October to an annual rate of 555K units, slightly above the consensus forecast of 550K. Building Permits, a leading indicator, fell 4% to the lowest level since April 2009. Weekly Jobless Claims declined to 420K, matching expectations. The four-week average fell to 423K. The tax deal passed in the Senate and a vote in the House is expected today. Investors also will be watching for news from Europe about the aid package for countries with debt troubles.
