Economy –The Falling Housing Sector

The Federal estimate of new housing starts in September was revised downward from the optimistic number previously released. New building permits are now below where they were in September 2016 and trending downward.

As we get close to the election, beware of optimistic government numbers are will be subject to downward revisions after the election.

Traditionally, robust economies favor the GOP while downturns favor Democrats. Hence the deficit spending on road projects this year to prop up the economy.

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