Housing starts surprised on the downside in July, with a 4.8% m/m fall pushing starts to a three-month low. The drop was entirely down to the multifamily sector, with single-family starts holding their ground. The failure of single-family starts and permits to rise in July was a disappointment, but with homebuilder confidence rebounding in August, we still expect starts to rise gradually over the next couple of years.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services