Some positive news on the housing front. Interesting component is the continued strong trend in multi-family growth.
We received two strong housing reports this morning. Housing starts jumped 15% in September to an annualized rate of 872k, the best pace of growth since July 2008.
Single family starts grew 11% while multi-family starts jumped 25%. Building permits, a future indicator for starts, also rose by double digits, increasing 11.6%.
The Market Today ONLINE
No comments:
Post a Comment