Housing starts for April

  • Prior was 1215K (revised to 1203K)
  • -2.6% vs +3.7% exp
  • Single family +0.4% m/m
  • Multi family -9.2% m/m

Big miss.

  • Building permits 1229K vs 1270K expected
  • Prior permits 1260K
  • Permits -2.5% m/m vs +0.2% exp
  • Single family -4.5% m/m
  • Multi family +1.4% m/m