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U.S. housing starts drop by 5.2 percent, Mike Shedlock notes

U.S. housing starts drop by 5.2 percent, Mike Shedlock notes
U.S. housing starts fall 5.2 percent

U.S. housing starts declined by 5.2 percent, reflecting continued weakness in the sector.

Mike Shedlock, author and blogger for MishTalk, added that other housing trends such as permits, completions, and sales are also remaining flat or moving downward.

In a recent update, Mike Shedlock reported that the consumer sentiment current conditions index fell to a record low, with independents leading the downturn here. He has also questioned the logic behind U.S. imports of Russian diesel, citing active domestic exports of $48 million barrels per month here. These developments have drawn attention to areas of continued weakness in the U.S. economy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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