Headline B: Building permits drop to five-month low
Link here.
Being an optimist, I was hoping: "Home Building Jumps 15 Percent in September."
These are the data points from the article:
- Most of the gain was in volatile apartment construction (the snapshot is hardly a trend, in other words)
- Single-family homes, representing 70 percent of construction, rose only slightly
- But here was the bottom line, buried (and it could have been the headline, and it would have been under a different editor): building permits fell to a five-month low.
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