After falling for three months in a row, the 13.7% m/m rise in housing starts in October is welcome news. Admittedly, much of the rise was driven by the very volatile multifamily sector, which is unlikely to be sustained. But single-family starts are also growing, albeit gradually. With homebuilder confidence hitting an eight-month high that progress is set to continue.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services