US housing starts
- Prior month housing starts 1.426m
- Housing starts November 1.560m
- Building permits 1.495 million versus 1.480 million expected
- Housing starts m/m -4.3% versus +14.8% last month
- Building permits m/m +1.9% versus -2.5% last month
Starts jumped for the past several months but cooled in December. If rates continue to fall, the US could see years of strong housing starts.
