Aug Housing Starts & Building Permits
Summary: Headline reads, housing starts hit 17 year low.
Under the sheets, permits out West Ytd -50%. Thats right, the source of 80% new jobs since 2001 cut in half.
Building Permits Aug -8.9% 854K vs 937K Full Report
Inside the number: Yoy -36.4%; Ytd -33.4%; SFR -5.1% at 554K; Yoy -40.3%; Ytd -41.2%; Ytd West -49.6%.
Housing Starts -6.2% at 895K vs 954K; prior revised down 11K; Yoy -33.1%; Ytd -30.5%.
SFR -1.9% at 630K; Yoy -34.9%; Ytd -39.7%; Ytd West -44.9%
Under the sheets, permits out West Ytd -50%. Thats right, the source of 80% new jobs since 2001 cut in half.
Building Permits Aug -8.9% 854K vs 937K Full Report
Inside the number: Yoy -36.4%; Ytd -33.4%; SFR -5.1% at 554K; Yoy -40.3%; Ytd -41.2%; Ytd West -49.6%.
Housing Starts -6.2% at 895K vs 954K; prior revised down 11K; Yoy -33.1%; Ytd -30.5%.
SFR -1.9% at 630K; Yoy -34.9%; Ytd -39.7%; Ytd West -44.9%
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