Building permits and starts nationally

Thought it might be useful to compare total permits and single family on graphs together . The important take  away is, total permits and starts include multifamily, single family is single family, at the peak you can see the larger separation of the two measurements and how the spread has narrowed. In the immediate run as we increase employment and household formation combined with the low levels building  in relations indicate pressure on both rents and sale price in the midterm (out 12 to 48 months) some demand will be filled by the foreclosures for both rental and ownership sales, yet with the length of time building will have been down by the midterm time frame the conduction infrastructure will not be able to ramp up fast enough to prevent substantial rent increases. Which will then fuel demand for single family purchases and if inflation fears pump interest rates past the 7% mark in the time frame the rental prices will be exceeding strong.