U.S. Housing Starts Leap to a 13-Year High in December

The video discusses the significant increase in housing starts for December, contrasting it with weaker building permits. It highlights the unusual gap between these figures and suggests potential noise in the data. The discussion also covers the impact of last year's mortgage rate drop on housing demand and construction activity, predicting a positive influence on GDP growth. The video concludes with an outlook on the housing market, considering future rate cuts.

How does the speaker characterize the recent data on housing starts?

What does the speaker mean by 'a gradual positive tailwind to growth' in the context of housing?