Canadian housing starts rise again, while NFIB survey sinks 5 straight

Canadian Flag Posted by  Manufactured Home Marketing Sales ManagmentFXStreet reports that Canadian housing starts moved up overall another 4.3% in July.  This was the third straight month of increases, with a 13% increase in multi-family starts, while single family starts declined 8%.  South of the Canadian line, they report that the National Federation of Independent Businesses (NFIB) small business survey was down for the fifth straight month.  This survey was completed by July 2.  So the impact of the S&P downgrade, and steep stock market decline was not yet covered in that survey.

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