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Summary

Housing Starts, Permits Decline

This is a news story, published by Yahoo Finance, that relates primarily to HousingWire news.

real estate & housing news

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home equity market today
Benzinga

Benzinga

•

October’s housing starts and permits drop to recession-level figures despite calls for increased construction

Benzinga
Summary
Nutrition label

69% Informative

Housing starts fell 3.1% below September ’s revised estimate, landing at a seasonally adjusted annual rate of 1,311,000 units.

Building permits declined 0.6% from September , marking a 7.7% drop from October 2023 .

HousingWire said construction companies have shown increased optimism when mortgage rates approach 6% , but consistently pull back when rates climb between 6.75% and 7.5% .

VR Score

69

Informative language

71

Neutral language

18

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

12

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Source diversity

1

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