U.S. Housing Starts Rose 11.7%; Number Of Building Permits Issued In The U.S. Rose 0.5%
(For October)
U.S. housing starts in October fell 11.7% to 519.000 vs. revised (10.000 lower) 588.000 September reading. The consensus was at 598.000. On year level U.S. housing starts are down 1.9%.
Chart 1. U.S. Housing Starts
Number of building permits issued in the U.S. in August rose 0.5% to 550.000. The consensus was at 568.000.
On year level number of building permits issued in the U.S. is down -4.5%.
Chart 2. U.S. Building Permits
Feels like more and more data reported is skewed no negative side.
Consistency of these data sets is awful, they just keep on revising it…