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✅US homebuilding soared to a 13-year high.
✅Two major wins on trade. #USMCA #ChinaTradeDeal
✅Rising consumer confidence & retail sales.
✅Stocks set record highs.
2020 is off to a great start!— Sec. Wilbur Ross (@SecretaryRoss) January 17, 2020
Jumpin’ ju-ju bones this is the best recession ever! The Commerce Department announces U.S. housing starts in December jumped a whopping 16.9 percent in December with 1.608 million units. Blowing away forecast expectation of 1.375 million units; with the largest gain since 2006.
Cross referencing the latest median wage report from the Bureau of Labor Statistics [Table 4] shows that average wages in the construction sector in the fourth quarter increased 9.3%. There’s obviously a lot of demand for workers in the construction industry.
WASHINGTON - Reuters - US - High - December
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.
There was also some encouraging news on manufacturing, with other data on Friday showing production at factories increasing for a second straight month in December.
? - Rise - Home - Construction - Boost
[…] “The shockingly large rise in home construction is likely to provide an unexpected boost to growth,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.
Housing starts jumped 16.9% to a...
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