Updated on September 19, 2018 10:18:26 AM EDT
Augusts Housing Starts was posted at 8:30 AM ET this morning. The Commerce Department announced a 9.2% increase in new home groundbreakings, exceeding forecasts. The favorable news came in the number of new building permits issued that was well below expectations. The permits reading helps us gauge future groundbreakings since a permit must be issued before construction starts. The mixed results did nothing to deter the negative tone in the bond market, leaving us with a bad start to the day for mortgage shoppers.