Housing starts missed by a mile in March. The Wall Street shyster economists missed their forecasts by 14%. Not bad for their $1 million salaries. Even though they knew the weather in March, they predicted a 16% jump in starts. Not only were starts crappy versus February, but they were even 2.5% lower than last March. Temperatures in the U.S. were well above normal this year, versus well below normal during the polar vortex winter of 2014. I wonder how you can blame the weather for the 5.7% decline in housing permits.
Of course, one of the slimiest of the Wall Street slimeballs immediately tweeted that it was certainly the weather which foiled his forecast. The ground was frozen during the above average temperature March.
One little problem with Joey boys analysis:
East – Housing starts up 114.9%
Midwest – Housing starts up 100%
South – Housing starts down 3.5%
West – Housing starts down 19.3%
Continue reading “HOUSING STARTS SUCK – WALL STREET SHYSTERS LIE”
