US Housing Starts Collapse, Macro Data Disappoints
September US housing starts fell 5.2% to 1.221M vs 1.305M expected — near COVID-era lows — with single-family and multifamily both declining. Homebuilder confidence is crashing, adding to a picture of broader macro softness.
What we know
An account on X broke the miss with 98k views; another account on X framed it as 'near COVID lows' with homebuilder confidence crashing. Single-family starts fell 4.6% and multifamily dropped 6.7%. Separately, the Philly Fed Non-Manufacturing index came in at -22.6 vs prior -22.0. Equities are sensing downside risk — SPX options show put skew lifting with call skews declining. US electricity prices are simultaneously surging +11% since Jan 2025. Treasury Secretary Bessent countered that the US bond market 'has done well'.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.