Renter Nation Returns: Multi-Family Unit Starts Hit 2 Year Highs But Permits Plunge On the heels of homebuilder sentiment hitting COVID lockdown lows… Source: Bloomberg …US housing starts and permits data was mixed in July with Starts surging 5.2% MoM (far better than expected and following an upwardly revised 5.9% MoM jump in June). However, Building Permits disappointed, dropping 2.8% MoM (vs 0.5% MoM decline expected)… Source: Bloomberg This is the fourth month in a row of declining building permits (the most forward-looking indicator for the US housing market), now at its lowest since the COVID lockdowns… Source: Bloomberg The… — Continue at ZeroHedge News : Read More
