TeleTrade - Analytics


    873.00 6.50/10
    67% of positive reviews

    18.11.2015 14:23 Housing starts in the U.S. drops 11.0% in October

    The U.S. Commerce Department released the housing market data on Wednesday. Housing starts in the U.S. dropped 11.0% to 1.060 million annualized rate in October from a 1,191 million pace in September, missing expectations for a decrease to 1.160 million.


    September's figure was revised down from 1.206 million units.


    The decrease was driven by declines in starts of single-family and multifamily homes.


    Housing market benefits from the strengthening of the labour market.


    Building permits in the U.S. climbed 4.1% to 1.150 million annualized rate in October from a 1.105 million pace in September, in line with expectations.


    Starts of single-family homes decreased 2.4% in October. Building permits for single-family homes were up 2.4%.


    Starts of multifamily buildings slid 25.1% in October. Permits for multi-family housing rose 6.8%.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree