Following September’s storm-driven tumble, October has seen a big rebound in Housing Starts (+13.7% MoM) and Permits (+5.9% MoM) both beating expectations, as multi-family starts explode.
Housing starts printed above all analysts’ guesses (4 standard deviations above expectations) for the biggest monthly jump in a year.
The surge in starts was driven by a major rebound in multifamily units…
This post was published at Zero Hedge on Nov 17, 2017.
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