Happy Housing

After dragging GDP down for six straight quarters, housing looks to finally boost GDP, albeit slightly, in 19Q3! August existing homes sales hit their best level in almost 18 months, August starts were at their highest level since 6/07, mainly due to a sharp rise in multifamily activity, and at 713,000, August new sales are at their best level since 10/07. June and July new sales were revised up!                      

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