Back to News
Market Impact: 0.35
US Housing Starts Unexpectedly Decline on Multifamily Projects
Source: Bloomberg
Housing & Real EstateEconomic Data
US residential construction unexpectedly declined in August to one of its weakest rates since the pandemic. The downturn was driven by a sharp drop in multifamily housing starts, signaling renewed weakness in residential development activity.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
moderately negative
Sentiment Score
-0.35
More News
- Fed Chair Kevin Warsh is actually managing U.S. debt costs not inflation, economist says, as interest rates threaten to top GDP growth soon
- ECB will have to raise rates again, extent uncertain, Kazimir says
- Boris Vujčić: Integrated, open and resilient: Europe’s strengths in a fragmenting world
- UK October manufacturing PMI shows fastest output growth in two years
- The ‘haunted’ housing market’s real problem may be too few people, not too few homes, says J.P. Morgan’s David Kelly
- China’s slow buying of US farm goods tests $17 billion trade pledge