Housing Starts Rise
Considering that this one originates from the NRA, you’d expect a little positive spin here and you get a bit.
Good news is that single family starts rose 9.4% last month, and the bad news is that it’s still about half the 1.2 million starts that is considered a healthy market. Still though, we’ll take increase versus decrease.
Multifamily is up about 30%, which is pretty strong growth, but remember, that we’re coming back from just about nothing for 30 months. Multifamily is now at its highest level since October 2008.