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July 19, 2017 | Housing Starts and Permits Rise First Time in Four Months: Analyzing the 2nd Quarter GDP Effect

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Housing starts and permits both rose in June for the first time in four months according to the Census Bureau’s  New Residential Construction Report.

Starts rose 8.3%, with single family units up 6.%. Permits rose 7.4%, with single family permits up 4.1%.

The quarter ends on a positive note but the overall pace is lower than in the first quarter.

New Privately‐Owned Housing Units Started

New Privately‐Owned Housing Units Completed

New Privately‐Owned Housing Units Authorized in Permit‐Issuing Places

Quarter Comparison

  • Starts Down 6.0%
  • Completions Up 0.2%
  • Permits Down 3.4%

Residential construction rates to subtract from second quarter GDP.

Mike “Mish” Shedlock

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July 19th, 2017

Posted In: Mish Talk

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