“Work began on more U.S. houses in April than at any time in over a year and wholesale prices unexpectedly decreased, showing the economy is strengthening without stoking inflation” buta decline in U.S. homebuilding permits last month may indicate a renewed housing slump as demand weakens after the expiration of tax credits…”
Feldstein Says Falling Permits May Signal U.S. Housing Slump [Bloomberg]
U.S. Economy: Housing Starts Jump, Wholesale Prices Decrease [Bloomberg]

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