Housing Starts & Building Permits Plunged To COVID Lows In July

Housing Starts & Building Permits Plunged To COVID Lows In July
Housing Starts & Building Permits Plunged To COVID Lows In July

原始链接: https://www.zerohedge.com/markets/housing-starts-building-permits-plunged-covid-lows-july

在 6 月份意外上涨之后，预计 7 月份新屋开工和建筑许可将环比下降（因为房屋建筑商信心跌至年内低点）……并且大幅下降。开工量环比下跌 6.8%（-1.5% 预期值），许可证环比下跌 4.0%（-2.0% 预期值）。 6 月开工率下调，而许可证 6 月开工率下调……来源：彭博社这种下降将开工率和许可证率拖至新冠疫情封锁以来的最低水平……来源：彭博社单户住宅开工率大幅下降（但多户住宅开工率上升）... 资料来源：彭博社但是，单户住宅许可证连续六个月下降资料来源：彭博社最后，正如我们昨天嘲笑的那样，NAH 住宅建筑商信心下降（但未来预期销量猛增）。现在我们可以看到谈论（情绪调查）和步行（实际建设）之间的区别......那么，您认为美国房地产市场基础稳固吗？降息（或社会主义）能解决所有问题吗？

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). June's starts print was revised lower while permits June print was revised higher...

Source: Bloomberg

This decline dragged both Starts and Permits to their lowest since the COVID lockdowns...

Source: Bloomberg

Single-family Starts plunged (but multi-family home starts rose)...

Source: Bloomberg

But, Single-family Permits fell for the sixth straight month

Source: Bloomberg

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)...

So, do you think the US housing market is on a solid footing? And will rate-cuts (or socialism) solve all the problems?