Episode Details

In our last segment, we discussed the positive NEHB Housing Sentiment Index, and in today's episode, we're excited to share more good news with the Housing Starts and Building Permits report. Housing Starts defied expectations, surging by an impressive 15% in November, marking the most significant monthly increase in six months. The focus was on single-family home starts, particularly in the Northeast and the South regions. However, Building Permits, showed a modest decline, adding a twist to the narrative. As we analyze the housing data, we observe the aftermath of the October peak in mortgage rates at 7.9%, which has since dropped nearly a full percent to around 7%. For any questions or comments, please reach out to us at podcast at Verdence dot com.

https://youtu.be/-HPG6sj9KaQ

Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks 
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance 
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any 
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...