U.S. Housing Starts Fall to Three-Month Low. IMF cuts growth forecast


U.S. Housing Starts Fall to Three-Month Low – Bloomberg.

New housing starts dropped 5% in August despite record low interest rates. The decline concus with the lowering of the global growth estimate by the International Monetary Fund to 4% this year and next compared to the previous estimate of 4.3% and 4.5% in 2011 and 2012 respectively.

The U.S. growth estimate  was lowered to 1.5% from 2.5%.

http://www.bloomberg.com/news/2011-09-20/imf-cuts-global-growth-estimate-says-europe-debt-woes-may-worsen-outlook.html

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