March 21, 2012
Okay, we should all be happy that the economy seems to be growing more rapidly that it was at this time last year, but can we try to be a little serious about this. The Census Bureau reported that housing starts fell by 1.1 percent in February. That’s not a big deal, starts had been trending upward and the monthly numbers are always erratic, but nonetheless a fall in starts is a negative sign.
Apparently, the Post did not want to utter a discouraging word. Its business digest section only discussed the 5.1 percent rise in permits for the month, never mentioning the decline in starts. It also featured a graph showing the rise in permits which was mislabeled as a rise in starts (print edition only).
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