UBS: Housing construction stabilising
Via UBS: Sep residential approvals rebound much stronger than expected 15.4% to 190k Residential building approvals were far stronger than expected in September, up 15.4% m/m (UBS: 0.0%, mkt: 1.5%, pre: -2.3%), to 190k annualised (after 165k), the highest level since February, and one of the highest since the 2018 boom.