Article Image

IPFS News Link • Housing

Housing Starts/Permits Disappoint Amid Tumbling Demand For City-Living

• Zero Hedge - Tyler Durden

After May's big rebound in both starts and permits, June was expected to show further 'recovery' in the US housing market (with starts surging far more than permits) as mortgage rates plunged to record lows.

And while both Housing Starts (+17.3% MoM) and Building Permits (+2.1% MoM), rose notably, they both missed expectations by a mile (+22.2% and +6.3% respectively), though revisions impacted that spread notably.

Source: Bloomberg

The "V"-shaped recovery is already stalling out...

1 Comments in Response to

Comment by chris gill
Entered on:

why would anyone want to live in a socialist hell hole run by liberal democrats who allow riots, vandals, theft and destruction of businesses, and finally violence on it subjects?