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Housing Starts Ease 0.7 Percent In June--7x Better Than The Headline Data
Housing Starts Ease 0.7 Percent In June — 7x Better Than The Headline Data July 21, 2010 by · Leave a Comment 
 

Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide.
A “housing start” is a home on which construction has started.
June’s Housing Starts data is somewhat soft and may partially explain why home builder confidence dropped to its lowest level since April 2009, but for buyers and sellers , the Housing Starts report is not nearly as bad as headlines say.
This is because when the press reports on Housing Starts, it doesn’t single out single-family homes. The press lumps every type of home into a single, giant reading. As a result, news outlets are reporting Housing Starts down 5 percent — a somewhat misleading figure.
The 5 percent figure is actually a combination of 3 separate housing types:
Single-Family Housing Starts Multi-Unit Housing Starts (2-4 Units) Apartment Building Housing Starts (5 or more units) But, single-family homes are what most Americans purchase. This is why the single-family starts data is more relevant than the combined figure commonly reported by the press. 2-4 units and apartment buildings are a different realm of buyer.
That said, though, we ... more

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