• Prior was 1.793 million (a new cycle high) revised to 1.728M
  • Housing starts 1.724 m vs 1.765M estimate
  • single-family start -7.3% to 1.11 million
  • multifamily starts +15.3% to 624,000 .
  • Building permits 1.819 m vs. 1.812m estimate
  • single-family permits -4.6% to 1.110 million
  • multifamily permits -1.0% to 709,000