In our last segment, we discussed the positive NEHB Housing Sentiment Index, and in today's episode, we're excited to share more good news with the Housing Starts and Building Permits report. Housing Starts defied expectations, surging by an impressive 15% in November, marking the most significant monthly increase in six months. The focus was on single-family home starts, particularly in the Northeast and the South regions. However, Building Permits, showed a modest decline, adding a twist to the narrative. As we analyze the housing data, we observe the aftermath of the October peak in mortgage rates at 7.9%, which has since dropped nearly a full percent to around 7%. For any questions or comments, please reach out to us at podcast at Verdence dot com.

https://youtu.be/-HPG6sj9KaQ

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