Fueled by low interest rates and a strong jobs market, housing starts rose by 13.7% in October. The biggest gains were in the South and Midwest. By type, multi-family housing starts rose the most, jumping 37.4%, while single family starts rose a modest 5.3%.
Economics
Recession worries may be overblown
Are traditional market indicators no longer valid? Have underlying assumptions changed enough that we need to rethink how we predict upcoming recessions?