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

RECOMMENDED ARTICLES

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.

Mish

Housing Starts Plunge 22% and It Will Get Worse

Housing starts took a huge dive in March. April rates to be much worse.

Housing Starts: Yet Another Unexpected Thud, Down 11.2 Percent

Housing starts gave back all of their 3.2 percent increase in November and then some.

Housing Starts Rebound 5.7% in April, Trend Remains Down

Housing starts broke a spell of abysmal economic reports. Housing permits are mixed with single-family permits lower.

Housing Starts Unexpectedly Plunge 12.3% in June, Permits Down 2.2%

Economists were shocked by today's housing report. Let's go over the details.

Thud: Housing Starts Plunge 6.8% as Sentiment Soars

Unless housing starts data is another one-time affair, and it could be given the volatile nature of housing starts, this recovery is nearly over just as sentiment is peaking.

Housing Starts and Permits Well Below Most Pessimistic Estimates

Economists expected a small pullback in housing starts and permits. Instead, those aspects of the report were a disaster