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RBC Capital: November US housing data viewed as positive, as housing starts and permits both beat expectations, and Canadian housing starts also trending upward; building material sales up 9.3% year-over-year, and up 29.6% relative to 2019 levels

CIBC: US housing starts higher than expected in November, up 12% month-over-month, while building permits also beat estimates and rose 4%; builder confidence strengthened in December, despite production bottlenecks and lot/labor constraints

Privately‚Äźowned US housing starts in November at seasonally adjusted annual rate of 1,679,000, up 11.8% from revised October level, 8.3% year-over-year; building permits up 0.9% annually to 1,712,000, completions up 3.1% to 1,282,000: Dept. of Commerce

Housing production accelerates in November due to strong demand for new construction; single-family starts increased 11.3% to 1.17 million seasonally adjusted annual rate, multifamily starts increased 12.9% to 506,000 pace: NAHB

Forest2Market: Home sales remain strong despite higher prices, but there are signs that headwinds are starting to impact larger housing market; since December 2020, single-family housing starts have been on a steady downward trend

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