US DATA REACT: Economists at JPM say Feb housing starts were likely
depressed by stormy weather, but they note starts were concentrated in
the volatile multifamily sector while single family starts were down
only fractionally. They say permits are a better trend indicator but Feb
data told the same story. On the Feb Import Price data, JPM says the
most import data was that prices for finished consumer goods remained
tame, with nonauto prices -0.1% in Feb and 0.0% oya and auto import
prices flat and +0.6% oya.