September 2023 Housing Starts Report
Friday, September 1, 2023
Housing Starts printed at 1,371, a +4.10% move from the prior reading of 1,317.
What to Watch For
- •Housing starts annualized rate
- •Building permits, leading indicator
- •Single-family vs multi-family split
- •Regional distribution
- •Mortgage rate context
Expected Market Reaction
Weak starts with falling permits: homebuilders down, rates down (transmission signal). Strong starts: homebuilders up, copper/lumber up.
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