July 2019 housing starts:
- Prior was 1253K (revised to 1241K)
- Down 4.0%
- Single family starts up 2.0% y/y
- Building permits 1336K vs 1270K expected
- Permits up 8.4%
That's a great reading on permits and is maybe a glimmer of hope that housing is turning on lower interest rates.
Here's a look at permits:
