Fire! U.S. November Housing Starts RISE 11.8% MoM (Powell Is The God Of Hellfire!)

Fed Chair Jerome Powell is the God of Hellfire!

The Federal Reserve’s massive stimulus combined with Federal spending has led to US housing starts rising 11.8% in November. Housing starts remain elevated compared to pre-COVID levels.

1-unit starts rose 11.29% while 5+ (multifamily) starts rose 12.1% in November. All areas in the US saw growth except for the Midwest where starts fell by 7.27%.

Yes, with Powell leaving rates untouched … again … in The Fed’s effort to … not scare markets. Inflation be damned. Powell is the God of Hellfire!