Markets
5.8
US Housing Starts Drop 5.2% to 1.22M Annualized, Near Pandemic Lows
Published 4 h ago2 sourcesEvidence: Reported
SeverityModerateLa RepúblicaLow-rated sourceUS
The NAHB housing market index dropped to 29 in October, the lowest since 2012, signaling deepening stress in the US housing sector. The decline suggests persistent high mortgage rates and weak affordability are eroding builder sentiment, which may foreshadow further weakness in residential investment and broader economic growth.
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