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Jefferies economist Ward McCarthy.....>

US DATA REACT
US DATA REACT: Jefferies economist Ward McCarthy said that the "November housing
starts rose 3.3% to a 1.297 mln unit rate from a downwardly revised 1.256 mln
unit rate in October. October starts were initially released as a 1.29 mln unit
rate. The level of starts is well above expectations."
- He added that "building permits fell 1.4% to a 1.298 mln unit rate from an
upwardly revised 1.316 mln unit rate in October; October was initially releases
as a 1.297 mln unit rate."
- He adds that "this is a very strong report. Total starts are the highest since
August 2007, and single family starts are the highest since September 2007."

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