Courtesy of Mish.
The often volatile housing starts numbers took another dive this report, down 18.7% in November according to the Census Bureau New Residential Construction report for November 2016.
Housing starts 1959-Present
Year-Over-Year Detail Since 1994
New Residential Construction Details
- Permits down 4.7% from October
- Permits down 6.6% from year ago
- Starts down 18.7% from October
- Starts down 6.9% from year ago
- Completions up 15.4% in October
- Completions up 25% from year ago
Mortgage Rates Soar
Mortgage rates have risen 104 basis points (1.04 percentage points) since July 8.





