US Housing starts have risen for the first time in the last 3 months...according to a report, housing starts rose to a 555k annual rate (annual rate implies that based on last month's increase, if the same increase is taken for the rest of the year, you'll close the year with 555k number. Its like saying if my revenues for Q1 of this year were 10$, my annual rate of revenue is 40$ ($10*4 quarters)). However, the building permits fell 4% to 530k annual rate.
Let's first start by understanding what "Housing Starts" means...
Let's first start by understanding what "Housing Starts" means...
