http://noir.bloomberg.com/apps/news?pid=20601068&sid=aDwQnwHojIco
“Consumers are pretty cautious as they face higher mortgage rates and living costs,” said Su-Lin Ong, senior economist at RBC Capital Markets in Sydney. “There is a lot of uncertainty over households.”
“Consumers are pretty cautious as they face higher mortgage rates and living costs,” said Su-Lin Ong, senior economist at RBC Capital Markets in Sydney. “There is a lot of uncertainty over households.”
Falling Permits
Building approvals fell 18.1 percent from a year earlier, the report showed. That compares with economists’ forecast for a 25.2 percent drop year-over-year.
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