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Worth noting Agenda Wed, Nov 18 ET 8:30 AM pre-market 1 min read
Housing starts count residential units where construction has begun, expressed at an annualized pace, not homes sold. The previous reading was 1.221 million; no estimate is supplied for October. Preliminary weakness in home resales and higher borrowing costs leave a separate question open: are builders still committing money to new construction?[1]
Last release 1.221 M
Check single-family and multifamily contributions, then permits for the pipeline of future projects. More starts could support building-material, equipment and contractor orders, but builders could face financing and inventory pressure if homes do not sell. Fewer starts would hurt supplier volumes while reducing builders' new spending commitments. For these stocks, construction activity needs to be checked against buyer demand rather than treated as profit growth.[1]