Keeping you up to date on the latest data releases.
- Housing Starts
Single-family housing starts broke their three-month losing streak in August, posting a 4.3 percent rise. Revisions lowered June and July’s previous estimates, however, leaving their respective declines at 2.0 percent and 6.7 percent. At 438,000 annual units, the current pace of starts still sits well below April’s recent high of 563,000, although year-over-year growth improved from −16.0 percent to −9.1 percent. August’s boost in starts held true for all regions of the U.S. except for the Northeast, where starts dropped a fairly steep 28.0 percent. Permits for single-family starts, on the other hand, retreated 1.2 percent during the month and year-over-year growth dipped further to −16.8 percent. Next month’s release will bring not only preliminary estimates for September starts and permits, but also the Census’ revisions to July and August figures.