​US Housing Starts & Building Permits Plunge In September – Tyler Durden

US Housing Starts & Building Permits Plunge In September After surprising top the upside in August, Housing Starts and Building Permits disappointed in September, declining more than expected (-0.5% MoM and -2.9% MoM respectively)… Source: Bloomberg Under the hood, multi-family permits plunged 10.8% MoM (and multi-family starts dropped for the second straight month). Single-family starts rose 2.7% MoM and permiots inchjed higher by 0.3% MoM… Source: Bloomberg Rate-cut expectations appear to have taken the excitement out of the building market… Source: Bloomberg Housing Completions also dropped (but the BLS thinks construction jobs continue to rise non-stop)… Source: Bloomberg So, The…  — Continue at ZeroHedge News : Read More