2007-12-18 US Economic Releases

2007-12-18 Housing Starts

Housing Starts (Nov)

Survey 1176K
Actual 1187K
Prior 1229K
Revised 1232K

2007-12-18 Building Permits

Building Permits (Nov)

Survey 1150K
Actual 1152K
Prior 1178K
Revised 1170K

While housing is still down and out, I’m going out on a limb and saying it’s not going to get much worse, and the next meaningful move is up, particularly if exports hold up. December, January, and February are slow months, and the data doesn’t tell me much; so, it will be ninety days before we get any clarity of where it’s actually going.

2007-12-18 ABC Consumer Confidence

ABC Consumer Confidence (Dec 16)

Survey n/a
Actual -17
Prior -23
Revised n/a

The CNBC Effect wearing off some?