Is Renter Nation Dead? Single-Family Housing Starts, Permits Highest Since 2007
October’s 13.7% MoM spike in housing starts was revised dramatically lower to just +8.4% which makes November’s 3.3% rise (vs expectations for a 3.1% decline) somewhat less impressive. Building Permits dipped from recent highs.
Northeast starts tumbled -39.6% and down -12.9% in Midwest, but jumped in South +11.1% and West +19.0%
While both cohorts rose, single-family starts are now at their highest since 2007…
Additionally Single-family permits are the highest since 2007…