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Headline: 549,000 annualized, up 7.2% month-over-monthConsensus: 525,000 annualized
Analysis: Last month, housing starts dropped a massive 22.5%, month-over-month, to 479,000. They’ve since been revised up to 512,000.
The market continues to be weak, with limited new construction, so per cent changes are a bit misleading. But this is an improvement over last month’s weakness.