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The Residential Construction Report stats record the the greatest month-over-month decline in the history of the stats. The housing data dates to 1959.

Starts vs Econoday Consensus

  • Starts: 0.891 Million Seasonally Adjusted Annualized
  • Consensus Starts: 0.968 Million

Permits vs Econoday Consensus

  • Permits: 1.074 Million Seasonally Adjusted Annualized
  • Consensus Permits: 1.033 Million

Housing Starts, Permits, Completions Month-Over-Month Comparisons

Housing Starts, Permits, Completions Month Over Month 2020-05

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A data download from Fred shows the next biggest month-over-month declines were 26.4% in March of 1984, and 26.2% in March of 1960.

The Econoday consensus was 

Housing Starts, Permits, Completions Year-Over-Year Comparisons

Housing Starts, Permits, Completions Year Over Year 2020-05

Year-Over-Year declines are not as large as in the Great Recession.

A data download from Fred shows the next biggest year-over-year declines were 54.8% in January of 2009, 52.8% in April of 2009, and 50.6% May of 1980. iand 26.2% in March of 1960.

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