Published: 2026-11-09T18:03:27.000Z
Preview: Due November 18 - U.S. October Housing Starts and Permits - Mixed but on balance negative
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We expect October housing starts to increase by a modest 1.6% to 1240k after two three straight declines while permits fall by 2.1% to 1370k, a third straight fall.
On balance this would imply a slowing housing market following recent upward pressure on mortgage rates.
Most of the movement is likely to come from the volatile multiples sector, with multiple starts seen rising by 5.0% after three straight declines but multiple permits falling by 4.5% after a 6.1% September increase.
We expect single starts to be almost unchanged, rising by 0.1% while single permits see a modest 0.6% decline. September’s single permits level was the weakest since March 2023, so any decline would continue a weakening underlying trend.
