Neighborhood Inscope

Housing Starts and Permits Edge Up For March

By Dr Denver H. Bubble

Tue Apr 17 2018

Two of the biggest leading indicators of housing, starts and permits, picked up from February 2018 into March. Starts were up 1.9% month over month but below expectations of 2.5%. Starts were down 7.0% in February before being upwardly revised to a 3.3% drop. Housing-starts data are volatile from month to month and can be subject to large revisions. March’s 1.9% rise in starts came with a margin of error of 12.4 percentage points. Permits were up 1.9% month over month in line with expectations. Permits were down 5.7% in February before being revised up to a 4.1% drop. Overall starts increased by 8% in the first three months of 2018 compared with the same period a year earlier

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