US housing starts were impressive on a month-over-month basis, but not year-over-year. On a MoM basis, 1-unit starts rose 6.22% in April while apartment starts (5+ unit) rose 2.28%. But on a YoY basis, 1-unit starts FELL 4.3%. That is a negative reading for 6 out of the last seven months. 5+ unit (multifamily) starts … Continue reading US Housing Starts 1-Unit Suffer Annual Decline Of 4.3% In April (6 Out Of Last 7 Months Were Declines) →
The post US Housing Starts Increased, But Really Didn’t was originally published at The Wall Street Examiner. Follow the money!