GOLDMAN SACHS: U.S. GDP HOLDS STRONG DESPITE HOUSING SLUMP U.S. housing starts plunged 5.2% in September to 1.221 million, missing expectat…
GOLDMAN SACHS: U.S. GDP HOLDS STRONG DESPITE HOUSING SLUMP
U.S. housing starts plunged 5.2% in September to 1.221 million, missing expectations. Single-family starts fell 4.6%, multifamily starts dropped 6.7%, and building permits slipped 0.2%.
Despite the weakness, Goldman Sachs maintained its Q3 GDP growth estimate at 3.3% annualized.