Keeping you up to date on the latest data releases.
- Housing Starts
Single-family housing starts fell for a second month in the aftermath of the homebuyer tax credit, slipping 0.7 percent in June after plummeting 18.8 percent at the cut-off in May. The annual pace of starts was set back to 454,000 units, its slowest since May 2009, and the 12-month growth rate dipped back into negative territory, from 12.6 percent to −4.6 percent. June’s mild decline was attributable to activity in the Northeast (−8.9 percent) and Midwest (−11.3 percent), as the South and the West both saw gains over the month. Permits for single-family housing starts dropped 3.4 percent in June and are down 6.7 percent from one year ago.