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 does the increase in building permits suggest about the housing market?

What trend was observed in multifamily projects according to the report?