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The data is in the article: housing starts are up from April, but still lower than Feb when this started. You are probably right, that these are mostly projects
by WillPostForFood 6y ago
The data is in the article: housing starts are up from April, but still lower than Feb when this started. You are probably right, that these are mostly projects that were already in the pipeline. But that they are restarting is interesting data.
Housing starts increased 17.3% to a seasonally adjusted annual rate of 1.186 million units last month, the Commerce Department said. The percentage gain was the largest since October 2016. Data for May was revised up to a 1.011 million-unit pace from the previously reported 974,000.
Still, homebuilding remains 24.3% below its February level. The South and the West accounted for about 75% of housing starts last month. Economists polled by Reuters had forecast starts increasing to a rate of 1.169 million units.