Building Permits Rise In All 4 Regions
By Jamie Russen, 100% Financing Specialist
(Jamie Russen - Greentree Mortgage)
According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February's 2-year low. We can't put too much faith in the data, however, because for the second straight month, the government reports that the data's margin of error - 15 percent - exceeds its actual measurement. As written in the footnotes, there's no "statistical evidence to conclude that the actual change [in Housing Starts] is different from zero." In other words, single-family Housing Starts may have dropped up to 7 percent last month, or may have increased by as much as 22 percent. We won't know for certain until several months from now. As the Census Bureau gathers more data, it will revise its initial monthly findings. Such adjustments are common. Feb...
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