US Housing Starts & Building Permits Slump Back Near COVID Lockdown Levels US Housing ...

ZeroHedge News (RSS Feed) /

npub1ax4…yydz

2024-11-19 13:39:29

US Housing Starts & Building Permits Slump Back Near COVID Lockdown Levels

US Housing Starts & Building Permits Slump Back Near COVID Lockdown Levels

US Housing Starts and Building Permits disappointed in October with the former dropping 3.1% MoM (-1.5% exp) and -0.6% MoM (+0.7% exp) respectively. This is the second straight month of declines for both measures of housing activity...

Source: Bloomberg

That pulled the SAAR totals down to four month lows - hovering just above COVID lockdown levels...

Source: Bloomberg

Under the hood, it was very mixed with Single-family permits rising and multifamily permits dropped. Single-family Starts plunged while multi-family Starts jumped...

Source: Bloomberg

As rate-cut expectations have fallen, so have homebuilders actions it seems...

Source: Bloomberg

But homebuilder 'hope' remains high...

Source: Bloomberg

With trump back in charge, how much will Powell and his pals really want to cut rates now?

https://cms.zerohedge.com/users/tyler-durden

Tue, 11/19/2024 - 08:39

https://www.zerohedge.com/markets/us-housing-starts-bulding-permits-slump-back-near-covid-lockdown-levels

Author Public Key

npub1ax4nz2wp2zw2xprx4ux0x7zsdj60272tqvqt76ru5ctmt8pdpdksyeyydz

Seen on

wss://relay.nostr.band

Show more details

Published at

2024-11-19 13:39:29

Kind type

1 Short Text Note

Event JSON

{ "id": "7f96241c32d20aa544d8ca883c61d6b63d864346dd5393533609d2e5eb8f15f0", "pubkey": "e9ab3129c1509ca30466af0cf378506cb4f5794b0300bf687ca617b59c2d0b6d", "created_at": 1732023569, "kind": 1, "tags": [ [ "proxy", "https://cms.zerohedge.com/fullrss2.xml#https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fus-housing-starts-bulding-permits-slump-back-near-covid-lockdown-levels", "rss" ] ], "content": "US Housing Starts \u0026 Building Permits Slump Back Near COVID Lockdown Levels\n\nUS Housing Starts \u0026 Building Permits Slump Back Near COVID Lockdown Levels\n\n US Housing Starts and Building Permits disappointed in October with the former dropping 3.1% MoM (-1.5% exp) and -0.6% MoM (+0.7% exp) respectively. This is the second straight month of declines for both measures of housing activity...\n\nhttps://cms.zerohedge.com/s3/files/inline-images/bfmCD55.jpg?itok=FPSbtgL9\n\n\nSource: Bloomberg\n\nThat pulled the SAAR totals down to four month lows - hovering just above COVID lockdown levels...\n\nhttps://cms.zerohedge.com/s3/files/inline-images/bfm44F3.jpg?itok=scOhTW46\n\n\nSource: Bloomberg\n\nUnder the hood, it was very mixed with Single-family permits rising and multifamily permits dropped. Single-family Starts plunged while multi-family Starts jumped...\n\nhttps://cms.zerohedge.com/s3/files/inline-images/bfmD97A.jpg?itok=mm0v6uc0\n\n\nSource: Bloomberg\n\nAs rate-cut expectations have fallen, so have homebuilders actions it seems...\n\nhttps://cms.zerohedge.com/s3/files/inline-images/bfmC1AD_3.jpg?itok=1qRvZ5Nx\n\n\nSource: Bloomberg\n\nBut homebuilder 'hope' remains high...\n\nhttps://cms.zerohedge.com/s3/files/inline-images/bfm9692.jpg?itok=Bil571RZ\n\n\nSource: Bloomberg\n\nWith trump back in charge, how much will Powell and his pals really want to cut rates now?\n\n https://cms.zerohedge.com/users/tyler-durden\n\nTue, 11/19/2024 - 08:39\n\nhttps://www.zerohedge.com/markets/us-housing-starts-bulding-permits-slump-back-near-covid-lockdown-levels", "sig": "9bd63591d0c81d63e39456a142842466076b3302f3ab4423b45c0a989f172c07724680aa62ff26c4d1ee4330d9d5f21fd34c686db08f8fb76de189f22df6e96b" }