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Housing Starts and the Unemployment Rate

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By request, here is an update to a graph I haven’t posted in several years …The graph below shows single family housing starts (red) and the unemployment rate (blue, inverted) through September 2017. Note: Of course there are many other factors impacting the unemployment rate, but housing is a key sector.Usually when single family housing starts are increasing, then the unemployment rate is falling (with a lag).You can see both the correlation and the lag. Housing starts fall (or … Read entire story.

Source: Calculated Risk

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