U.S. housing starts rebounded by 2.3% to 750,000 annualized units in August. It was under the 760,0000 starts expected by markets though near our forecast of 755,000 starts. However, it comes after July’s 746,000 units started was downwardly revised to 733,000 units. Single family starts rose by 5.5% over July, erasing the 4.5% drop seen [...]
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U.S. Housing Starts Surged By 15.0% To 872,000 In September
U.S. housing starts surged by 15.0% to 872,000 units in September. It was much stronger than the 770,000 expected by consensus and comes after the prior month was upwardly revised to a 758,000 unit rate (was 750,000 units). Both components were stronger. Single-family starts jumped by 11.0% over August, while multi-family starts surged by 25.1% [...]