U.S. housing starts fall in October; building permits increase

Reuters2021-11-17

U.S. homebuilding unexpectedly fell in October as activity remains constrained by shortages of materials as well as scarce land and labor. Housing starts slipped 0.7% to a seasonally adjusted annual ...

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KL123
2021-11-17
KL123
Ok
- ycwoo:
  good
starry123
2021-11-17
starry123
K pls like
Jimmyboy
2021-11-17
Jimmyboy
Please like
- starry123:
  k
Jimmyboy
2021-11-17
Jimmyboy
Please like

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Data for September was revised down to a rate of 1.530 million units from the previously reported 1.555 million units. Economists polled by Reuters had forecast starts rebounding to a rate of 1.576 million units.\nPermits for future homebuilding increased 4.0% to a rate of 1.650 million units in October.\nIda, which struck in late August, caused unprecedented flooding and depressed homebuilding in the Northeast and the densely populated South in September. Aside from the weather, homebuilding has essentially been treading water as builders battle shortages and higher prices of raw materials.\nStarts have declined from the 1.725 million unit-pace scaled in March, which was more than a 14-1/2-year high. Still, home building remains underpinned by a severe shortage of previously owned homes on the market, which has resulted in record house price increases. 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