Housing Starts/Permits Rebound In March Led By Rental Renaissance

Zero Hedge | 4/16/2018 | Staff
Click For Photo: https://www.zerohedge.com/sites/default/files/2018-04/2018-04-17_5-32-39.jpg

After plunging in February, Housing Starts and Permits were expected to recover in March and while both showed increases MoM (and upward revisions to Feb data), Starts disappointed expectations, extending the Housing market's disappointing streak. The gains for both were driven by a rental nation renaissance (multi-family units up, single-family units down).

The flip-flopping nature of the Starts/Permits data continues with Starts +1.9% MoM in March (below expectations of a 2.5% rise) and Permits up 1.9% MoM (beating expectations of unchanged)...

As a...
(Excerpt) Read more at: Zero Hedge
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