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Housing Market
Housing permits near cycle lows even as housing starts beat estimates
Starts beat estimates on multifamily volatility, but permits fell 3.0% monthly and 2.3% annually, signaling a weaker forward pipeline.
Housing Market
New home sales fall, but the trend is still sideways
Monthly numbers can swing wildly, but new home sales have been stuck for many years in a range that doesn’t show any real growth.
