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For October, as reported by U.S. Census Bureau and the Department of Housing and Urban Development, on a single-family basis when compared to previous month, authorizations grew 2.4% to 711,000, while housing starts fell 2.4% to 722,000 and housing completions slid 0.5% to 640,000.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.