US Housing Starts Fall to 1.246M Rate in Oct, Down 7.8% Year-on-Year
The Quick Take — AI synthesis of 3 sources covering this story.
- October housing starts hit 1.246M annualized rate, down 4.6% from revised Sep figure of 1.306M
- Year-on-year decline of 7.8% vs October 2024’s 1.352M rate; total starts fell well below expectations
- Single-family starts rose 5.4% month-on-month to 874K, but multi-family (5+ units) slumped to 347K
- November data still missing due to government shutdown, creating further uncertainty in housing supply outlook
- Weak US housi
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