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US housing starts declined in November, falling 1.8%, but building permits surged, hinting at future growth.
US housing starts in November fell by 1.8% to an annual rate of 1.289 million, lower than expected, marking a third consecutive month of decline.
Single-family housing starts rose by 6.4%, while multi-family starts dropped by 24.1%.
Despite this, building permits surged by 6.1% to 1.505 million, indicating a mixed performance in the housing market, with a potential outlook of falling mortgage rates possibly boosting future activity.
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Las viviendas estadounidenses comienzan a disminuir en noviembre, cayendo un 1,8%, pero los permisos de construcción aumentaron, lo que sugiere un crecimiento futuro.