U.S. HOUSING STARTS SLUMP, MISSING EXPECTATIONS U.S. housing starts fell 5.2% in September to an annualized 1.221 million units, well below…
U.S. HOUSING STARTS SLUMP, MISSING EXPECTATIONS
U.S. housing starts fell 5.2% in September to an annualized 1.221 million units, well below the 1.305 million expected.
Single-family starts declined 4.6%, while multifamily construction dropped 6.7%.
Building permits slipped 0.2% to 1.400 million, slightly beating expectations of 1.395 million.
The key takeaway: Housing construction is weakening faster than expected, signaling continued pressure on the U.S. residential market.