single family housing starts: Single Family Housing Starts Surge
- 07/18/09 01:43 AM
According to the Census Bureau, housing starts rose 3.6% in June from last month to a seasonally adjusted annual rate of 582,000, this is the highest pace since November of 2008. Interestingly it was only in April, two months ago that housing starts had made a record low. The story within the report however is that demand for single family housing starts rose 14.4% from last month to a seasonally adjusted annual rate of 470,000, this is the highest pace since October of 2008. The macro-perspective of this data is that overall, housing starts are still down -46% from last year and single family (0 comments)