美国五月份新屋开工量大幅下滑，创下新冠疫情以来的最低水平。

美国五月份新屋开工量大幅下滑，创下新冠疫情以来的最低水平。
US Housing Starts Collapsed In May To Lowest Since COVID

原始链接: https://www.zerohedge.com/markets/us-housing-starts-collapsed-may-lowest-covid

随着房屋库存处于近期高位，美国房地产市场刚刚遭受了又一次信心打击。5月份新屋开工率环比暴跌 15.4%（远差于预期的 2% 下跌，为 2024 年 3 月以来的最差表现），此前 4 月份的数据也被修正为环比下降 8.5%。建筑许可环比下滑 0.7%（符合预期）。这使得经季节性调整的年化新屋开工率降至新冠疫情以来的最低水平（此前在 4 月份曾达到 2024 年以来的最高点）。从内部结构来看，多户型（租赁）住房的开工量出现了崩塌。“租房者之国”是否刚刚终结？多户型建筑许可同样出现下滑。房屋建筑商的信心是否会进一步低迷？看来近期抵押贷款利率的上升（加上销售缓慢导致库存已处于过剩水平）最终还是挫伤了房屋建筑商自我满足的信心。

With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations)...

Source: Bloomberg

That pulls the Housing Starts SAAR to its lowest since COVID (after reaching the highest since 2024 in April)...

Source: Bloomberg

Under the hood, it was multi-family (rental) starts that collapsed:

Source: Bloomberg

Did 'renter nation' just die?

Multifamily permits also fell...

Is homebuilder sentiment about to slump even further...

Source: Bloomberg

It seems recent rises in the mortgage rate (and inventories already at over-stuffed levels, given the slowness of sales) has finally dented the homebuilders' self-satisfying confidence.

美国五月份新屋开工量大幅下滑，创下新冠疫情以来的最低水平。 US Housing Starts Collapsed In May To Lowest Since COVID

美国五月份新屋开工量大幅下滑，创下新冠疫情以来的最低水平。
US Housing Starts Collapsed In May To Lowest Since COVID