Housing starts are still low, but jump in permits suggest builders are planning

The latest federal numbers show that homebuilders are planning more construction than expected, but actual construction is lagging. The Commerce Department reported this week that construction permits rose 14.4 percent month-over-month in May, above economists’ 10.8 percent projection, according to the Wall Street Journal. Housing starts however were up just 4.3 percent, well below the 22.3 percent projected and nowhere near enough to make up for April 26.4 percent decline in starts brought on by

source https://therealdeal.com/2020/06/17/housing-starts-are-still-low-but-jump-in-permits-suggest-builders-are-planning/