U.S. Housing Starts Climb 3.3% in November

The video discusses recent housing starts data, which exceeded expectations, and the implications of these numbers on the economy. Mark Zandi, an expert from Moody's Analytics, provides insights into the current state of housing demand and the potential impact of the GOP tax plan on housing prices. The tax plan is expected to negatively affect house prices, particularly in regions relying on mortgage interest and property tax deductions.

What was the actual month-over-month increase in housing starts, and how did it compare to expectations?

• 2.5% increase, as expected

• 3.1% decrease, worse than expected

• 4.0% increase, worse than expected

• 3.3% increase, better than expected

According to Mark Zandi, what is the current underlying rate of housing starts?

• 2 million starts

• 1.5 million starts

• 1.251 million starts

• 600,000 starts

What does Mark Zandi suggest about the benchmark for new housing demand?

• It should remain at 1.251 million

• It should be between 1.5 and 1.6 million

• It should be lower than current levels

• It should be around 600,000

Which regions are expected to be most affected by the GOP tax plan according to Mark Zandi?

• Southern states

• Northeast, parts of Florida, Midwest urban centers, and California

• Western states

• Rural areas nationwide

What is the expected impact of the GOP tax plan on house prices nationwide?

• Rapid price increases

• Significant price declines

• No impact on price growth

• Slower price growth, but no nationwide declines