Daily: Bullish US housing starts numbers show the US in full recovery mode

Economic data in the US is not trending down. It is stabilizing and perhaps trending marginally higher. We have seen a slew of data showing that the US data are outperforming expectations. The data for the housing market in the United States are particularly good. The latest on housing starts shows a climb of 82.5% from April 2009 lows when the US economy was mired in the last recession. That's such a huge uptick that one has to recognise that this recovery is for real and could have legs. Some ...


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