Reply To: Traders Market Weekly: Santa Claus Came to Town

#69085
Truman
Participant

Total housing starts increased 14.8% month-over-month in November to a seasonally adjusted annual rate of 1.560 million units (consensus 1.360 million) while building permits decreased 2.5% month-over-month to a seasonally adjusted annual rate of 1.460 million, as expected.

The key takeaway from the report is that single-unit activity was on the plus side, up a robust 18.0% for starts and up a more modest 0.7% for permits. Those are welcome indications for a housing market constrained by a low inventory of existing homes for sale.

Treasuries are little changed after the data.

2-yr note yield was at 4.45% before 8:30 a.m. ET and moved to 4.46%.
10-yr note yield, at 3.91% earlier, moved to 3.92%.