HOMZ - Positive July Housing Permits And Starts
Originally published on August 19, 2019
The housing starts and permits report this morning for July adds to the positive data looking forward to H2 2020 (or, possibly, less bad - but that's another discussion).
First, here are overall permits (red) and starts (blue):
While the very volatile starts declined, the slightly more forward-looking and less volatile permits rebounded off their low to a six-month high.
The less volatile single-family permits (red) and starts (blue) were even more positive:
Single-family starts were at an eight-month high. The more forward-looking and least volatile single-family permits made