Housing Starts in U.S. Exceed 1M Pace for Third Month

The video discusses a 1.6% drop in housing starts for November, with numbers at 1.028 million. A potential weather distortion is considered as a factor. Building permits also fell by 5.2%, exceeding the expected 2.5% drop, with numbers at 1.035 million. These figures indicate a disappointing outlook for the US economy as the FOMC meeting approaches.

What was the percentage drop in housing starts in November compared to October?

• 3.1%

• 5.2%

• 2.5%

• 1.6%

Which factor was suggested as a possible reason for the unexpected drop in housing starts?

• Supply chain issues

• November weather distortion

• Increase in interest rates

• Economic recession

By what percentage did building permits drop in November?

• 3.1%

• 1.6%

• 5.2%

• 2.5%

How did the actual drop in building permits compare to the consensus estimate?

• It was less than expected

• It matched the estimate

• It was more than double the estimate

• It was slightly more than expected

What is the overall sentiment regarding the housing numbers as the FOMC meeting approaches?

• Uncertain

• Optimistic

• Neutral

• Disappointing