Housing Starts Surge 25.5% In October To Highest Level Since President Bush I Said “This Aggression Will Not Stand”

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Housing starts jumped 25.5% in October to the highest level since President George HW Bush said “This aggression will not stand.” 


Or should I say “This aggression will not stand, man.”

1 unit housing starts are finally back to 1991 levels, before the start of the now infamous housing bubble.


But it is the multifamily housing starts that really surged as in 74.51%, recovering from the large decline the previous month. Multifamily starts are back to the days of President Ronald Reagan. Wage growth since The Great Recession has been the lowest since 1965 at 2.4%, which explains why multifamily is so popular these days.


Housing starts are up in all regions of the country, but highest in the Northeast and Midwest.

So, 1 unit (detached) housing starts have finally clawed their way back to President George HW Bush days and the First Iraqi War.


Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.