US housing starts hit a year-low in September
The bigger-than-expected decrease marked the lowest level for housing starts since hitting 1,062,000 million units in September 2016.
Building permits also fell by 4.5% on the month to reach 1,125,000 units in September from 1,300,000 units in August.
Meanwhile, the US Commerce Department noted that housing starts in September increased by 6.1% on a yearly basis, while building permits were down 4.3% compared to the same month of 2016.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs
- Egypt’s PP, PE markets rise on tightness in September
- Logistics snarls propel import PP, PE offers higher in Europe
- Import PVC prices near all-time highs in India, disparity with China/SEA grows
- PP, PE supplies rise in China; demand lags behind expectations despite peak season
- Stats: China’s July PE imports increase after 3 months of declines
- Will Asia’s PS markets follow ABS higher on cost support?
- Sept PET expectations diverge in shade of opposite factors in Europe