U.S. property market growth likely in coming months

U.S. Housing Starts dropped by 131k and stood at 1,060k units (annualized) in October. Analysts expected the housing figure to reach 1,160k new units.

The construction of multi-family units declined by 113k and single family construction posted a marginal fall of 18K.

 "Much of the slowdown in October can be chalked up to the volatile multi-family segment, while single family starts continue to hold up well. Supported by improving household formation and rising employment and incomes, the property market will continue making gradual headway in the months ahead", says TD Economics.