Capital Markets Update – Housing Starts Down 557K

Quicken Loans Capital Markets Update for January 20, 2010

The Treasury market lost some ground yesterday as stocks, notably health care shares, rallied on the hopes that a Republican victory in the Massachusetts Senate race would slow down, maybe even scuttle health care reform.

In terms of economic releases this morning, housing starts were down 557,000 in the month, with the weakness concentrated in single family units, which are considered the core of the report. Bonds are up on the release.

Related posts:

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3. Housing Starts Hit 21-Year Highs ...

Did Capital Markets Update – Housing Starts Down 557K Deliver on the Promise?
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