News & Opinions
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Jonathan Smoke / Hanley Wood / July 16, 2013
The Commerce Department releases new permits, starts, and completions data Wednesday morning. Let’s anticipate what we might see in the Wednesday report by looking at some real, market level permit data.
The survey methodology behind the Commerce Department data often causes the monthly metrics to be subject to significant revisions. More telling, and often ignored by the mainstream, is that the monthly changes are more often than not within the confidence interval, meaning that the monthly data are inconclusive about the direction and extent of change month over month.
The consensusRead More