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US Housing Starts Plummet In July, Near COVID Lows
US Housing Starts Plummet In July, Near COVID Lows
After Housing Starts exploded higher in June (driven by a massive rebound in multi-family units), July was expected to see a reflexive decline of 5.9% MoM...
...things were considerably worse, with US Housing Starts plunging 12.4% MoM (the third major monthly drop in four months)...
On the other hand, the more forward-looking Building Permits (preliminary for July) rose 5.0% MoM (well above the 0.6% MoM expected), after two months in a row of declines.
On a SAAR basis, Starts at back near post-COVID lows...
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DOJ Launches Criminal Probe Into E. Jean Carroll Over Alleged Perjury In Trump Lawsuits
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The Department of Justice has opened a criminal investigation into E. Jean Carroll, the veteran advice columnist and author who won two major civil lawsuits against President Donald Trump, CBS News reports. Carroll accused Trump of sexually abusing her in a Bergdorf Goodman dressing room in the mid-1990s and then defaming her when he denied the encounter ever happened.
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