Comments on July Housing Starts

Earlier: Housing Starts decreased to 1.155 Million Annual Rate in July The housing starts report released this morning showed starts were down 4.8% in July compared to June, and were down 5.6% year-over-year compared to July 2016.  This was a weak report and was below the consensus forecast. Note that multi-family starts are volatile month-to-month, and has seen wild swings over the last year. This first graph shows the month to month comparison between 2016 (blue) and 2017 (red). Click on graph for larger image. Starts were down 4.8% in July 2017 compared to July 2016, and......(read more)

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