Single-family housing starts dropped for the second month in a row in October, and building permits saw their first annual decline in 4½ years. Faltering new home demand has hit homebuilder confidence. But housing demand is not collapsing and, with mortgage interest rates nearing a peak, a substantial fall in construction activity over the next year or so is unlikely.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services