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 potential factor was mentioned that could have distorted the November housing numbers?

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