After unexpectedly tumbling in September, US housing starts and permits were expected to rebound modestly in October, but the picture was more mixed than hoped for.
US housing starts unexpectedly fell for the second straight month (-0.7% MoM vs +1.5% MoM exp) but US building permits rose more than expected (+4.0% MoM vs +2.8%) from the downward revised 7.8% MoM slump in September)…
This pushed the Starts SAAR to its lowest since April, and rebounded Permits SAAR from its lowest since August 2020…
Thank BIDEN & his Demon-crats !!!!!
correct…..we are headed for a Jimmy Carter economic collapse
WHOLE COUNTRY > America starts to TUMBLE !!!!!!
The great migration from Democrat run cities has slowed since the woke mob of brown shirts haven’t rioted in a while because they have a communist installed as President
Unexpectedly? lol
Greedy real estate sales people still over pricing homes impacting the sellers.
One by one “price drops” 10 days after put on the market – losing buyers in the crucial part of the selling cycle.
“For sale by owners” late to the party still trying to cash in with their over priced homes.
Even Zillow tanked their home flipping division.
realtors trying to manipulate the market. Hey lets sell a 185,000 house for 250,000 but thats just the listing price. Then they tell you how much more are you willing to spend to actually buy this over priced home. Let the bidding wars begin. So you made 225,000 on the sale and now you have to buy something to move into. LOL let the bidding wars begin. Realtors love it at @ 3% if only on one side of the deal 6% if they help sell and then help buy
thats the joke.
you sell your over priced crappy house for 250k and make a lateral move to another overpriced crappy house for 250k