Or isn't, as the case may be
At the bottom of the hour we get the next round of housing data. Hot on the heels of yesterday's gain in the NAHB data we get building permits and housing starts. A jump is expected in both with permits estimated in at 1.164m vs 1.161m in Aug, and starts at 1.150m vs 1.126m prior
These are good numbers to gauge the domestic economy as decent gains here indicates that builders are confident in the economy. If that transmits into purchases by people looking for new homes then the conveyor belt of confidence is complete
Yesterday I took a look at housing overall
Canadian Aug wholesale trade is also out and that's hoping to come out at 0.2% vs July's 0.0% m/m
