Overall housing starts last month rose by 13.2 % while building permits rose by 8 %. But the big jump mostly reflected apartment buildings. The numbers on single family home building which create the most number of jobs were only slightly higher. Meanwhile consumer sentiment fell in May. Conforming no point 30 year fixed rates still average 4 1/4 % with 15 year rates closer to 3 1/4 %.
And now for something completely different: During the Battle of the Bulge, American soldiers used their knowledge of baseball to differentiate between fellow American’s and German infiltrators in American uniform.
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This is Mehran Aram with today's ARAMCO Report.