Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Housing Starts, Permits Rebound In October Despite Slump In Buying Climate

Courtesy of ZeroHedge View original post here.

After last month's surprising plunge in both Housing starts and permits, expectations are for a rebound (or slowdown in the collapse) and they did.

  • Housing Starts disappointed, rising 3.8% MoM (+5.1% exp) against an upwardly revised 7.9% drop in September.

  • Building Permits beat expectations of 0.5% decline, surging 5.0% MoM against an upwardly revised 2.4% drop in September.

Source: Bloomberg

On a YoY basis, both starts and permits surged to new multi-year high growth rates…

Source: Bloomberg

Permits jumped for both single-family (highest since Aug 2007) and rentals…

Oddly, Housing Starts continue to hold up despite a collapse in home-buying attitudes…

Source: Bloomberg

So, which is it? Delusional homebuilders in a 'field of dreams' world or debt-laden Americans unable to see the American Dream?

 

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!