The US housing market is off to a sluggish start, with single-family permits growing at a slower pace (+6% YoY in January vs. +8% in December). Increasing inventory in some regions is creating challenges for homebuilders, prompting them to moderate new housing starts, but the recent plunge in mortgage rates offers some hope...
Goldman's Susan Maklari, Charles Perron-Piche, and others penned a note to clients on Tuesday highlighting single-family permits as a key real-time indicator of housing supply and demand trends across the US market and individual regions.
