Housing Starts Crash In December

by Tyler Durden
ZeroHedge.com
Thu, 01/18/2018

Housing Starts plunged 8.2% MoM in December (5 times worse than expected and the biggest drop since Nov 2016) and November was revised lower as it seems the exuberant steam is coming out of the housing ‘recovery’.

Year-over-Year Housing Starts tumbled 6.0%…

Driven by a big slump in single-family housing starts…

However, single-family permits rose to cycle highs…highest since 2007

Of course – focus on permits (the future) and ignore the starts (must be the weather) will be the narrative of the day!

The Rest…HERE

This entry was posted on Thursday, January 18th, 2018 at 10:10 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.