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Housing starts increased 6.6% to 1.172 million unitsannualized in April beating expectations, erasing most of the previous month’sdecline.  Permits slipped 3.6% to 1.116million units annualized.  On a year agobasis both figures are negative, starts -1.7% and permits -7.2%.  While no one can argue that real estateprices haven’t recovered, save for a few regions, construction activity andsales volume both remain shadows of their former selves.

This is Caleb Lawrence Registered Investment Adviser Inc.Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 orcall me toll free at 888-RICH PIG / 888-742-4744.

You can catch me on the radio at noon each business dayas well on California’s central coast. KPIG 107.5 FM in the Monterey Bay or KPYG 94.9 FM in San Luis Obispo.

Rebroadcasts, additional writings and other entries arealso available on my Blog at www.clinvestments.com

Wealth advisor services offered through Caleb LawrenceRegistered Investment Adviser Inc.


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