Home Construction Headwind

By |2015-04-16T11:49:15-04:00April 16th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The latest figures from the Census Bureau on home construction continue to suggest that the home sales number from last month was, at best, a one-off abnormality. If new home sales were heading appreciably higher in what might have been perceived as a sustained advance, you would expect that new home construction would at least closely follow to take advantage [...]