There were 3 reports and a balance sheet this week: Industrial Production (INDPRO): +0.48% m/m, +0.24% y/y. Short term: recovery. Retail Sales (RSAFS): +0.42% m/m, +1.57% y/y. Short term: recovery. Housing Starts (HOUST): +2.14% m/m, -29% y/y. Single Family house construction has been crushed (HOUST1F), down 39% y/y, while Multifamily 5+ (HOUST5F) fell just 13%. […]from Peak Prosperity https://ift.tt/fcixWdV
