Housing’s as hot as it’s been since, well, the last time it got so hot it ended up crashing the economy. Manufacturing, by contrast, is a mess, with the dollar’s strength and oil’s weakness doubling up to bash the factory sector.
The latest data on both highlight the week’s economic calendar. Data on housing starts, industrial production and two regional manufacturing gauges are set for release, as are the minutes of the Fed’s last meeting and the consumer price index for January.
Unlike the last time housing was hot, the sector isn’t seen as capable of single-handedly driving the economy forward.
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