Housing Starts Plunge to Lowest Level in 19 Months

After jumping 12% in August due in part to strong demand from the multi-family construction sector, US housing starts dipped by 8% in September to their lowest level since February 2021. Single-family building continues a precipitous month-over-month (MoM) drop; starts for this segment are down 27% over the last 10 months to their lowest level since June 2020.

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