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Housing Starts Bounce As Permits Surge Most In 5 Years On Multi-Family Spike

Wednesday, December 16, 2015 7:40
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(Before It's News)

Housing Starts rose 10.5% in November (after plunging 12% in October) as it appears weather-weakened construction caught back up with single-family starts recovering from the plunge in October. The South saw the biggest spike (up 21%) and Northeast fell 8.5%. Building Permits rose 11% MoM (after a 5.1% last month) as multi-family spiked from 446 to 566 (driven by a 22% spike in The Midwest and The West). This is the biggest MoM gain since Dec 2010.

Permits spiked most in 5 years, Starts surged…

Starts driven by single-family…

Permits driven by multi-family…

Welcome to the post-Fed rate-hike renter nation?

Charts: Bloomberg




Source: http://silveristhenew.com/2015/12/16/housing-starts-bounce-as-permits-surge-most-in-5-years-on-multi-family-spike/

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