- by New Deal democratThe 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 6 month high. The less volatile single family permits (red) and starts (blue) were even more positive: Single family starts were at an 8 month high. The more forward looking and least volatile single family permits made a 9 month high. Lower interest rates are now clearly feeding into the housing construction market. This is a positive 12+ months out. There are two issues. The first is whether
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- by New Deal democrat
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).