US Housing starts for November 1.427M vs 1.4000M estimate

• Housing as housing starts 1.427M vs 1.400M est
• Last month housing starts 1.434M revised up from 1.425M
• Building permits 1.342M versus 1.485M estimate
• Last month building permits 1.526M
• Housing starts fell -0.5%
• Building permits tumbled -11.2%
• Single-family permits -7.1%
• Multifamily permits -16.4%
• Housing completions 1.49 million which is 10.8% above the October revised estimate of 1.345 million. In November 2021 the housing completions were at 1.406 million

Yesterday the NAHB housing index fell to the lowest level since the pandemic fall into 31 versus 34 expected (the pandemic low was at 30). The 50 level is a neutral reading. Below 50 is contractionary.

\Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term