V-Shaped Recovery In Housing Starts/Permits To Build (1-unit Starts Up 8.52% In September)

by confoundedinterest17

The housing starts numbers for September were released this morning and point to a V-shaped recovery for housing markets. 1 unit starts were up 8.52% and permits to build were up 7.8%.

This is a V-shaped recovery for single family housing.

Unfortunately, there is no V-shaped recovery in 5+ unit multifamily housing.

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But the overall economy is showing a distinct v-shaped recovery, according to The Atlanta Fed GDPNow forecast model.