​Housing Starts & Permits Surged In August As Rate-Cut Euphoria Re-Emerged – Tyler Durden

Housing Starts & Permits Surged In August As Rate-Cut Euphoria Re-Emerged After an unexpectedly large decline in July, August’s data for Housing Starts and Building Permits rebounded dramatically, well above expectations. Starts rose 9.6% MoM (vs +6.5% exp and -6.8% prior) while Permits jumped 4.9% MoM (vs +1.0% exp and -3.3% prior). Both prints are the highest since February… Source: Bloomberg The SAAR for starts and permits obviously rose but remains near COVID lockdown lows still… Source: Bloomberg Single-Family Starts and Multi-Family Permits dominated the increases… Source: Bloomberg This should not be a total surprise as forward-looking permits have tracked…  — Continue at ZeroHedge News : Read More