Peter Schiff(@PeterSchiff):September housing starts unexpectedly fell 5.2% versus expectations of a 1.3% rise. The real surprises are that anyone expected a rise and that the decline wasn't even larger. Starts will soon collapse as rising construction costs and mortgage rates make new homes unaffordable.

Peter Schiff

@PeterSchiff

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Peter Schiff@PeterSchiff

2026.10.20 12:38

September housing starts unexpectedly fell 5.2% versus expectations of a 1.3% rise. The real surprises are that anyone expected a rise and that the decline wasn't even larger. Starts will soon collapse as rising construction costs and mortgage rates make new homes unaffordable.

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