Ian Shepherdson Quotes
(These data are) bad news for (corporate profit) margins or future inflation -- or both. 
Tweet
Data | News | Corporate | Profit | Margins |
comments powered by Disqus
One steep drop in housing starts does not make a downward trend, especially in a month which was very wet in the West and very cold in the Northeast. Still, the data are consistent with other signs of a softening housing market, most notably the drop in homebuilders' confidence. What really matters, though, is whether sales will fall fast enough to turn a softening into a collapse.
- Ian Shepherdson
