9:00 am Multi-Decade Growth Seen in the November Housing Data
Housing starts increased 22.7% in November, from 889,000 in October to 1.091 mln. That was the biggest monthly increase, in percentage terms, since January 1990 and the first time starts have topped 1.0 mln since March. The Briefing.com consensus expected 950,000 starts in November. This was the first housing starts data released since the government shutdown. Start levels for September (-0.9%, 883,000) and October (+1.8%, 889,000) were unknown prior to the release. The big increase in starts was, statistically, …More
