CNNMoney Fails to Send Out a Housing Starts/Permits Email Alert in What ‘Just So Happened’ to Be a Bad Month
Shortly after 8:30 this morning, I began thinking that my CNNMoney.com e-mail alerts had stopped arriving. So I went to the Census Bureau's web site and learned that its monthly report on housing starts, building permits, and other construction-related news had indeed been released. The news for the already moribund industry was awful : Building permits in April fell by a seasonally adjusted 4% from March and by 12.0% from April 2010, while the comparable tumbles in housing starts were 10.6% and 23.9%, respectively. Well, my opening and closing bell e-mails arrived as expected. So unless there was a technical glitch, this means that CNNMoney decided not to issue a post-8:30 alert for the bad housing news. Let's take a look at the two e-mails which did arrive.
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on May 17, 2011. Filed under