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Housing Starts Stop, Or Horton Hears A Recession: The Big Point

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.

Housing starts fell 11.4% in March, according to the most recent Census Bureau report. This was the largest decline in a year. The spring home-building season has begun with a slump. D.R. Horton, the largest home builder by volume in the United States, confirmed the trouble in the market on its quarterly earnings call.

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