Building Permits Plunge Most In 3 Years Despite Tumbling Rates
• https://www.zerohedge.com/news/2019-07-17/buildingAfter weak home sales data and re-weakening in mortgage applications (but a modest recovery in homebuilder sentiment), expectations were for a slowdown in starts and permits but the June prints were shockingly bad. Housing Starts dropped 0.9% MoM