Renter Nation Returns? Massive Jump In Multi-Family Unit Starts Despite Builder Sentiment Slump

Renter Nation Returns? Massive Jump In Multi-Family Unit Starts Despite Builder Sentiment Slump US Housing Starts exploded higher by 19% MoM in June, dramatically more than the already large 11.2% MoM expectation and rebounding from the prior two ugly monthly declines. This was the biggest monthly increase in Starts since May 2023. On the other side, the more forward-looking Building Permits declined for a second straight month... This shouldn't be a total surprise after yest...

By Tyler Durden