Don't get too excited by January's jump in housing starts, T. Rowe Price economist Jared Franz...

|By:, SA News Editor
Don't get too excited by January's jump in housing starts, T. Rowe Price economist Jared Franz says. Single-family starts slipped 1% after falling 8.4% in December, and “since single-family starts are roughly 1.5 times the value-added of their multi-family counterpart, the rise in overall starts has less positive implications for GDP than the headline would imply.”