U.S. Housing Starts Fall on Multifamily as Permits Climb

The video discusses the recent housing starts data for October, which fell short of economists' expectations, showing a 2.8% decline. September's data was revised higher, making October's decline appear larger. However, building permits, a forward-looking indicator, showed a 4.8% increase, suggesting potential positive trends, especially in multifamily projects.

What was the number of housing starts for October, and how did it compare to economists' expectations?

• 1,000,000 starts, matching expectations

• 900,000 starts, significantly below expectations

• 1,200,000 starts, above expectations

• 1,000,000 starts, slightly below expectations

What was the percentage decline in housing starts for October?

• 1.5%

• 4.2%

• 2.8%

• 3.5%

How did the revised September housing starts affect the October decline?

• It reversed the decline

• It had no effect on the October decline

• It made the decline appear smaller

• It made the decline appear larger

What was the annual pace of building permits, and how did it compare to expectations?

• 1.10 million, stronger than expected

• 1.08 million, matching expectations

• 1.05 million, weaker than expected

• 1.08 million, stronger than expected

In which type of projects were building permits particularly strong?

• Single-family homes

• Commercial buildings

• Multifamily projects

• Industrial facilities