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via mortgagenewsdaily.comEconomy

Building Permits Hold Steady Despite Slide in Housing Starts

FROM THE WIRE · MORTGAGENEWSDAILY.COM

Residential construction failed to find even footing in September, with housing starts declining and single-family building permits pulling back, while total permits held nearly steady and completions edged higher. This week's Census Bureau data highlights weakness in new…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFalling housing starts point to weakness in construction, with possible cycle implications.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Housing starts fell 5.2% in September to a 1.221 million annual rate.
  2. 02Building permits slipped just 0.2% to a 1.400 million annual rate.
  3. 03Single-family authorizations fell 4.0%.

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