Housing starts up 22% in February.
Durable goods orders increased 3.4 percent in February, and purchases of new homes jumped 4.7 percent.
Stock market has rallied and surged 21 percent since hitting 12-year lows.
Could this mean we had finally hit bottom?
Easy, now... Housing starts are up from the absolute lowest number ever recorded, so we have the second lowest month on record. Not that much to celebrate.
ReplyDeleteWe may be off the bottom, but it ain't very far...