Markos Kaminis (Wall St. Greek) submits:
Housing Starts faded in February due to weather, but in the summer months ahead, we think the potency of stimulus could prove inadequate for housing activity as well.
February’s Housing Starts measured 5.9% short of January’s annual pace, as poor weather hampered Northeast activity. The annual pace of starts ran at 575K, which was still higher than economists had forecast (565K). Helping the monthly divide, January’s pace was revised higher to 611K, up from the previously measured 591K.