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MNI: US March housing starts plummeted -22.3% m/m....>

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MNI: US March housing starts plummeted -22.3% m/m to 1.216M, the lowest level
since July 2019 and well below the 1.300M expected by markets. Building permits
also fell by -6.8% to 1.353M, also the lowest level since July 2019, though this
beat market expectations for a retreat to 1.300M. The US Census Bureau and
Department of Housing and Urban Development, which jointly released the data
this morning, said covid-19 did not prevent them from having adequate data
sufficient for filing for the report.

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