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

Courtesy of Mish.

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.

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 Started

New Privately‐Owned Housing Units Completed

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


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