Housing

• The rebound in multifamily housing starts has been quicker than single unit starts. Both still lag long term averages Valeo Financial Advisors
• Housing starts hit four-year high in October Reuters
• From 2000-06 less than 12 % of prime hybrid mortgages had prepayment penalties but greater than 76% of subprime hybrids did Federal Reserve Bank of St. Louis

Global

• Japan is about to pass China as the biggest foreign lender to the U.S. government. Planet Money
• 6 years ago, Mexico was the world’s 9th largest exporter of cars. Today it is 4th behind Germany, Japan and South Korea Marginal Revolution

Miscellaneous

• Indiana taxpayers to see $111 credit from state surplus. IBJ