Neighborhood Inscope

Leading Indicators Housing Starts and Permits Flashing Red

By Dr Denver H. Bubble

Fri Mar 16 2018

Two of the biggest leading indicators were down in February. Housing starts were down 7.0% versus down 2.7% expected, which is the largest drop since last March. Permits were also down 5.7% versus 4.1% expected, which is the largest drop since last February. The biggest driver was a market we tend not to focus on, the Multifamily or rental units. Multifamily Starts down 28% month over month on an annualized basis while Multifamily Permits down 14.6% month over month on an annualized basis.

Image Source: Zerohedge.com