RE:RE:US Housing Starts (July 2020)Housing starts.
Very strong numbers.
Housing starts up 22.6% vs 4.6% est.
Building permits up 18.8% vs 4.8% est.
As per CNBC Diane Olick, the big increase came from multi family.Builders say that single family demand is very strong but because of lay off of workers, supply chain disuption (covid-19), lumber
yard shut down...they had problem ramping up.Sales expectations is very high.