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by Mish

Starts rose 8.3%, with single family units up 6.%. Permits rose 7.4%, with single family permits up 4.1%.

The quarter ends on a positive note but the overall pace is lower than in the first quarter.

New Privately‐Owned Housing Units Completed

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New Privately‐Owned Housing Units Authorized in Permit‐Issuing Places

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Quarter Comparison

  • Starts Down 6.0%
  • Completions Up 0.2%
  • Permits Down 3.4%

Residential construction rates to subtract from second quarter GDP.

Mike “Mish” Shedlock