Housing Starts rose 10.5% in November (after plunging 12% in October) as it appears weather-weakened construction caught back up with single-family starts recovering from the plunge in October. The South saw the biggest spike (up 21%) and Northeast fell 8.5%. Building Permits rose 11% MoM (after a 5.1% last month) as multi-family spiked from 446 to 566 (driven by a 22% spike in The Midwest and The West). This is the biggest MoM gain since Dec 2010.
Permits spiked most in 5 years, Starts surged…
Starts driven by single-family…
Permits driven by multi-family…
Welcome to the post-Fed rate-hike renter nation?
Charts: Bloomberg
