It seems that for the entire year, all the data on building permits have been good, but people have been slow to actually break ground. That’s perhaps changing, finally. A Reuters journalist reporting on the general economy agrees with everyone else that the overall economic position is good, even in the face of manufacturing weakness. A key piece of data in his article, at least from this blog’s perspective, is that actual housing starts finally rebounded in November, coming off a seven month low.
