U.S. Dec. Housing Starts Fall 8.2%

The video discusses recent economic data, highlighting a decrease in building permits and jobless claims. The market remains relatively stable with little change in the treasury market and dollar index. Michelle Gerard, a chief economist, provides insights into the housing market, noting weak December numbers but strong fourth-quarter performance due to hurricane recovery. She anticipates growth in the housing sector in 2018.

What factors contributed to the strong housing data in the fourth quarter?

What was the overall sentiment regarding the December housing numbers?