Economy

Housing Starts Remain Weak.

Housing Starts (May 2016) – Starts seasonally adjusted, annualized 1,164,000. Previous was 1,167,000 – Permits seasonally adjusted, annualized 1,138,000. Previous was 1,130,000. Not only are Housing Starts below the needed level of 1,500,000 but the gains are concentrated in 5+ unit apartment buildings. Homeownership is becoming more difficult and depriving middle-class people of the advantages