Despite homebuilder confidence in the toilet (and Pulte’s daily calls alongside Trump for lower rates), US Housing Starts and Permits surprised to the upside in June. Housing Starts jumped 4.6% MoM (+3.5% MoM exp), rebounding from May’s 9.7% MoM tumble. Building Permits rose 0.2% MoM (-0.5% MoM exp), also rebounding from May’s 2.0% MoM decline. Although in … Continue reading Renter Nation Returns: Surge in Multi-Family Unit Starts and Permits “Saves” US Housing Market