In This Chapter
Housing starts boost many related industries
What you’ll find in the Census report
Why housing starts cause excitement in the financial markets
Other indicators give a sneak peek at where starts are headed
Investors want to know where the economy is headed. Housing is an industry that typically leads the economy into recession and into recovery. Being able to track this sector is critical to understanding the direction of the economy.
In this chapter, we learn the definitions of housing starts and housing permits. We review why housing is so cyclical and leads the rest of the economy. Changes in homebuilding affect the fortunes of a number of industries, and knowing about them can ...