http://MikesDailyMarketReport.com: Housing Starts increased to 1.365 million annualized units in November from a higher revision in October of 1.323 million. A good forward indicator for more Housing Starts are Building Permits, which also, increased from 1.461 million annualized units to 1.482 million in November. This is on the heels of yesterday's Home Builders Index, which measures their confidence level. Yesterday's level was the highest in 20 years. The Housing Starts reported today are the highest since 2007. So, we're at a really good level! Industrial Production picked up pace to 1.1% in November, while Capacity Utilization increased to 77.3%. According to JOLTS Jobs Report for October, Job Openings increased from 7 million in September to 7.3 million in October. Stocks are in Positive Territory, but showing signs of wearing down a bit with all of the recent Geo-Political news. MBS is Up 2bps, so there's Mortgage Rates are Unchanged from yesterday's pricing. Yields are slipped down to 1.88%.
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