U.S. September housing starts fall 5.2%
SPY•U.S. housing starts fell 5.2% in September to a seasonally adjusted annual rate of 1.221 million units, below the 1.305 million forecast. Building permits dipped 0.2% to 1.400 million, compared with a 1.395 million forecast.
1. Starts and permits
Housing starts fell 5.2% in September to an annualized rate of 1.221 million units, while building permits slipped 0.2% to 1.400 million. Economists had forecast 1.305 million starts and 1.395 million permits.
