Housing starts and building permits fall to nine-month low
- Prior 1337K
- Starts -12.3% vs -2.2% expected
- Building permits 1273K vs 1330K expected
- Permits -2.2% vs +2.2% expected
This is a very weak report. Permits fell for the third month in a row. Homebuilders have said they remain confident but lumber tariffs have added to the cost