Nov 18, 2025
Housing starts missed big in October, falling to 233K versus estimates of 265K - a seven month low point.
The Y/Y decline in the month was driven by the usual suspects, with Ontario and BC dragging down better results in Quebec and the Prairies.
Unit absorption continued to trend downwards, with falling construction unable to offset weak end market demand…
… driving an inventory build and sustained elevation in time on the market for new units.
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