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via rttnews.comEconomy

US housing starts unexpectedly extend nosedive in September

FROM THE WIRE · RTTNEWS.COM

A report released by the Commerce Department on Monday unexpectedly showed an extended nosedive in new residential construction in the U.S. in the month of September.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop in new residential construction signals weakness in housing and the broader economy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Commerce Department released the data on Monday.
  2. 02New residential construction unexpectedly fell further in September.
  3. 03The decline extended a prior sharp drop.

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