This week showed that housing starts tumbled in March. The surprise in the report was a hefty drop in multi-family home construction. And to add more fuel to housing market worries, builder confidence for April fell three notches from the March level. But although U.S. consumers aren’t buying up homes in large numbers right now, they sure were confident in opening up their wallets a little more at the malls in March.
My colleague, Sonika Tyagi, discusses on this weeks Economic Update on Credit Matters TV. To view the segment, click here.