Homebuilder stocks react to Nov. housing starts, building permits

In This Article:

The US Census Bureau released November's housing construction data, giving an updated look at the health of the real estate market.

Housing starts declined 1.8% month over month, reaching their lowest level since July. However, single-family housing starts showed resilience, rising 6.4% from the previous month. Building permits also demonstrated strength, climbing 6.1% month over month.

Morning Brief anchors Madison Mills and Brad Smith dissect how homebuilder stocks are reacting to the data. Lennar (LEN) is set to report its latest earnings print after Wednesday's market close.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Angel Smith