Housing Starts and Permits Rise First Time in Four Months: Analyzing the 2nd Quarter GDP Effect

MishTalk

Housing starts and permits both rose in June for the first time in four months according to the Census Bureau’s New Residential Construction Report.

by Mish

Starts rose 8.3%, with single family units up 6.%. Permits rose 7.4%, with single family permits up 4.1%.

The quarter ends on a positive note but the overall pace is lower than in the first quarter.

New Privately‐Owned Housing Units Completed

Image placeholder title

New Privately‐Owned Housing Units Authorized in Permit‐Issuing Places

Image placeholder title

Quarter Comparison

  • Starts Down 6.0%
  • Completions Up 0.2%
  • Permits Down 3.4%

Residential construction rates to subtract from second quarter GDP.

Mike “Mish” Shedlock

Comments

Global Economics

FEATURED
COMMUNITY