USA: -0.5% housing starts in September

(CercleFinance.com) - The Commerce Department reported a 0.
5% decline in US housing starts in September compared with the previous month, to an annualized rate of 1,354,000, following a 7.8% rebound in August (+9.6% initial estimate).

U.S. housing permits - intended to be a precursor of future housing starts - fell by 2.9% to 1,428,000 last month. Finally, housing completions fell by 5.7% to 1,680,000.

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