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BMO analyst Ian Lyngen said US........>

US DATA REACT
US DATA REACT: BMO analyst Ian Lyngen said US housing starts "disappointed at
1127k Sept vs. 1183k Aug and 1175k consensus. The -4.7% drop brought the pace to
its slowest since Sept 2016 and was driven by a -4.6% move in single family
starts."
- Lyngen adds "the fact that the move cannot be explained-away by the
multi-family sector is an important aspect of this report, although multi-family
did drop -5.1% in Sept for the third consecutive decline. Building permits also
fell more-than-expected at -4.5% MoM and was accompanied by downward revisions
to August."

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