{"id":1484048,"date":"2024-08-16T12:43:18","date_gmt":"2024-08-16T16:43:18","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1484048"},"modified":"2024-08-16T12:43:18","modified_gmt":"2024-08-16T16:43:18","slug":"housing-starts-building-permits-plunged-to-covid-lows-in-july","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/housing-starts-building-permits-plunged-to-covid-lows-in-july\/1484048\/","title":{"rendered":"Housing Starts & Building Permits Plunged To COVID Lows In July"},"content":{"rendered":"

Housing Starts & Building Permits Plunged To COVID Lows In July<\/span><\/p>\n

\n

After an unexpected jump in June, housing starts and building permits were expected to decline MoM in July (as homebuilder sentiment slipped the lows of the year)… and down they dropped – bigly. Starts tumbled 6.8% MoM (-1.5% exp) and Permits plunged 4.0% MoM (-2.0% exp).<\/strong> June’s starts print was revised lower while permits June print was revised higher…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

This decline dragged both Starts and Permits to their lowest since the COVID lockdowns…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Single-family Starts plunged (but multi-family home starts rose)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

But, Single-family Permits fell for the sixth straight month<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Finally, as we mocked yesterday, NAH homebuilder sentiment slumped (but future expected sales jumped). Now we get to see the difference between talk (sentiment surveys) and walk (actual construction)…<\/p>\n

<\/a><\/p>\n

So, do you think the US housing market is on a solid footing? And will rate-cuts (or socialism) solve all the problems?<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 08\/16\/2024 – 08:43<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/housing-starts-building-permits-plunged-covid-lows-july<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Housing Starts & Building Permits Plunged To COVID Lows In July After an unexpected jump in June, housing starts and building permits were expected to…<\/p>\n","protected":false},"author":0,"featured_media":1484049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1484048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1484048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1484048"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1484048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1484049"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1484048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1484048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1484048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}