September housing starts and permits: clear as mud!

Last Saturday in my Weekly Indicators column I noted that there was a little darkening of the data.  I elaborated on that Monday in this post:http://bonddad.blogspot.com/2016/10/the-darkening-skies.htmlIn view of the ambiguous signals from other long leading indicators, I said that housing data this month would take on an added importance.  In general, what I have been looking for is the recent lows in interest rates beginning to feed through into housing mortgages and construction. So yesterday was the report on September housing starts and permits, and it was clear as mud!  Starts dropped sharply, while permits rose significantly:     Although generally…

Source: XE news feed
September housing starts and permits: clear as mud!