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Housing Starts and Completions

Calculated Risk writes:

Calculated Risk: Housing Starts and Completions: As expected, Completions are now following Starts "off the cliff". Completions are the key number in this release, since employment follows completions.... Based on historical correlations, it is reasonable to expect residential construction employment to follow Starts and Completions "off the cliff"... expect significant residential construction job losses over the next several months...