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News Link • Housing

Housing Starts, Permits Plunge In February As Rental Units Crash

•, Tyler Durden

The 7.0% plunge in housing starts (-2.7% exp) is tied with the biggest drop since March 2017 and the 5.7% tumble in permits (-4.1% exp) is the biggest since February 2017...

The drop was led by a collapse in multifamily units - Multifamily Starts down 28% MoM on an annualized basisAnd Multifamily Permits down 14.6% MoM on an annualized basis...

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