Building permits — an indicator of future construction — declined 3.8% from July but remained 11% above the level site internet of a year ago. Single-family permit levels were at their highest level since May, 2008, with all regions up. They rose to an annual rate of 627,000 and were 3% above July levels.
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Housing Data May Surprise on `Upside,’ Wiranto Says
Profit was $30.8 million at Essent in the first six months of 2013, compared with a loss of $12.5 million in the same period of 2012. MGIC posted net income of $12.4 million in the second quarter, its first profitable period since 2010, while Radian recorded a loss in the quarter tied to investments. Genworths U.S. mortgage insurer was profitable in the six months ended June 30. Thats the first time it recorded a half-year profit since 2007. Competition is good for the industry, said Donna DeMaio, United Guarantys CEO, in an e-mailed statement.
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Soros to Goldman Poised to Win on Crisis-Era Housing Bet
24 (Bloomberg) — Wellian Wiranto, an investment strategist at the wealth-management arm of Barclays in Singapore, talks about the impact of Federal Reserve monetary policy on Asian central banks and markets. Wiranto also discusses the U.S. economic outlook. He speaks with Rishaad Salamat on Bloomberg Television’s “On the Move.” (Source: Bloomberg)
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