Free Markets, Free People
Economic Statistics for 17 Oct 12
The following US economic statistics were announced today:
Housing starts in September advanced to a 0.872 million unit pace, topping market expectations and up 34.8% on a year-ago basis. Housing permits rose 11.6% to a 0.894 million annualized pace, which is up 45.1% from a year-ago.
The MBA reports mortgage applications fell –4.2% last week, as purchases rose 1.0% and refinancings fell 5.0%.