Is Renter Nation Dead? Single-Family Housing Starts, Permits Highest Since 2007

October's 13.7% MoM spike in housing starts was revised dramatically lower to just +8.4% which makes November's 3.3% rise (vs expectations for a 3.1% decline) somewhat less impressive. Building Permits dipped from recent highs.

Northeast starts tumbled -39.6% and down -12.9% in Midwest, but jumped in South +11.1% and West +19.0%

While both cohorts rose, single-family starts are now at their highest since 2007...

 

Additionally Single-family permits are the highest since 2007...

Is reneter nation dead?

 

 

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