Housing Starts Crash In December

Thursday, January 18, 2018
By Paul Martin

by Tyler Durden
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

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