US June housing starts 1.643m vs 1.590m expected

US housing starts data for June 2021:

• Prior was 1.572m
• Building permits 1.598m vs 1.70m exp
• Prior permits 1.683m
• Single family permits -6.3%
• Multifamily permits -2.6%
• Single family starts +6.3%
• Multifamily starts +6.2%
• Full report
  

Permits are surprisingly low, down 5.1% but up 23.3% above last year. That's going to have to pick up to put a lid on prices.

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July 21, 2021 at 12:30AM
Adam Button
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