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Numbers for the U.S. Leading Economic Indicators composite were released at 10:00 this morning. The table for the current calendar year appears below. The number came in at -0.5% (rounded up from 0.45%); less than expectations of 0%.

We noticed that the decrease in Building Permits accounted for more than half of the total decline. So we ask, has housing bottomed out yet?

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leading indicators

Source: Leading Indicators Report Begs the Question: Has Housing Really Bottomed?