Neighborhood Inscope

Housing Starts and Permit Down for April 2018

By Dr Denver H. Bubble

Fri May 18 2018

April had some bad news for future housing inventory. Housing starts dropped 3.7% month over month in April, worse than the expected drop of 0.7%. Three of four regions posted declines in starts, our home region, the West, had a 12% drop. Housing permits dropped as well by 1.8% month over month, however, permits beat expectations which were forecasting a 2.1% drop.

March 2018 had some positive revisions that boosted the number of starts and permits over what was previously reported. March building permits growth was revised up from 2.5% month over month to 4.1% month over month. March housing starts growth was revised up from 1.9% month over month to 3.6% month over month

Image source: Zerohedge.com