Housing starts in the U.S. jumped to 10.5% in August to a seasonally adjusted annual rate of 598,000, which is a 2.2% increase from the same period last year. Economists had predicted a drop in housing starts by 0.2% to 545,000. However, July figures experienced a downward revision to 541,000 from 546,000.
Retail-store sales also generated positive news according to a report by the International Council of Shopping Centers. Sales for the week ended Sept. 18 increased 3.3% year over year, and September monthly sales are forecast to increase 3.0%.
(somebody said Recession was finished at June 2009. I totally agree. there is no double dip. everything was already settled down.
only one word: buy on any dip. wait for the OCT.
looks today will be green again.
)
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