US April housing starts 891K vs +900K expected

Author: Adam Button | Category: News

US April housing starts data:

  • Prior was 1216K (revised to 1276K)
  • Building permits 1074K vs 1000K expected
  • Prior building permits 1350K (revised to 1356K)
Housing starts were down 30.2% in the month and building permits fell 20.8%. The knock on effects on housing from the virus and economic fallout are an interesting axis. It was looking like it would be a great year for US housing but now everything is uncertain. The chart of starts is like a false breakout:

See here for global coronavirus case data
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