News & Opinions
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Housing Starts: Noise Overtakes Signal as Mojo and No-Go Collide
BUILDER PULSE / July 17, 2013
Home builders and their partners in housing, whether they’re executives at big companies or of the entrepreneurial lot-to-lot variety, look at Census Bureau Housing Starts and Permits data releases as just a number. To most, the monthly data point serves as a directional signal; its absolute value rises and falls with corrections, volatility in multifamily construction timelines, and seasonality. Of this month’s release, questions arise as to whether “housing’s losing its mojo.” BUILDER PULSE sister company Metrostudy’s chief economist and director of consulting Brad Hunter has this to say. “Our preliminary 2Q data show significant increases in single-family starts in certain sunbelt areas, so I question the Census Bureau data released this morning on national housing starts.” Will upward revisions to Census data come next month? Check in with Calculated Risk’s Bill McBride posts today for a strong perspective on what today’s print signals.