real-time news and commentary for investors
Wednesday, Mar 16
2011, 10:12 AM
The mini rally in homebuilders is quickly snuffed out after housing starts post their steepest...
The mini rally in homebuilders is quickly snuffed out after housing starts post their steepest drop since 1984 and permits fall to their lowest level in more than 40 years of record-keeping. High Frequency Economics sees the report as a single-month "fluke,"citing a “spectacular collapse” in the multi-family component. KBH -2.5%, LEN -1.8%, RYL -1.7%, MDC -1.7%.