IPFS News Link • United States
US Housing Starts Crashed In December
• https://www.zerohedge.comAfter surging in November, housing starts and permits were expected to relapse in December following shutdown-delayed dismal data from the US housing market.
However, collapse was more appropriate than relapse as Housing Starts crashed 11.2% MoM in December (against expectations of a .1% drop). Building Permits managed a modest 0.3% MoM gain however (better than expected).
Year-over-year, housing starts tumbled 10.9% - the biggest drop since March 2011...