February 2018 US housing starts and building permits 16 March 2018
- Prior 1.326m
- Single family starts +2.9% to 902k
- Multi family starts -26.1% to 334k
- Building permits 1.298m vs 1.320m exp. Prior 1.377m
A worse than expected drop from Jan so it’s flattened the good rise we saw last month. The trend is still higher although we’re seeing a more shallower path.