"US Housing Starts Plummet to 5-Month Low, First-time Buyers Struggle"
TL;DR Summary
Housing starts plunged 14.8 percent in January, despite positive revisions, marking a bad start to 2024. Building permits for privately-owned housing units also decreased by 1.5 percent from December, while existing home sales fell to their lowest level since 2010. Additionally, retail sales took an unexpected 0.8 percent dive in January, indicating a challenging start to the year for the economy.
Topics:business#building-permits#economy#existing-home-sales#housing-completions#housing-starts#retail-sales
- Housing Starts Plunge 14.8 Percent, But Revisions Were Positive Mish Talk
- US homebuilding sees biggest drop since April 2020 CNN
- First-time buyers 'rate-locked' out of housing market: NAHB CEO Yahoo Finance
- Homes for sale: New listings drop in January, pending sales stagnate Business Insider
- Housing starts unexpectedly plummet to lowest level in five months Fox Business
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