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0.00100762919245728 -0.0015834173024327 -0.000431841082481663 0.00187131135742061 0.000575788109975619 -0.000431841082481663 -0.00331078163235914 -0.000287894054987707
Stock impact report

Building Permits Come in Lower Than Expected [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
The previous month's tally has been downwardly revised to 1.45 million from 1.52 million initially reported. Both single-family and multi-family units were lower than expected: 1.1 million and 299K, respectively. Only the West posted a positive number: +7.1%, compared with the -36% result in the Northeast and -23% in the Midwest. Mortgage rates all around the country — still up near 7% — are keeping a real damper on the new housing market. Building Permits — a proxy for future Starts — also fell, though not as precipitously. Coming in -4.3% from estimates, permits reached 1.46 million, below the 1.51 million anticipated and the lowest monthly figure since July. The last year and a half has brought some real flatlining to these numbers: the trailing 12-month high came in August of last year, 1.54 million, and the low came from April '23: 1.42 million. Pre-market futures took a positive message from this. Futures ahead of the print were +185 points on the Dow, +2 on the S&P 500 an Show less Read more
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