After plunging in June, housing starts and housing permits recovered in July, printing at 1,093,000 and 1,052,000, respectively.
This represents a 15.7% gain in starts and permits, which is the good news that will make headlines, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
The bad news is that almost all of those gains from June to July in starts and permits are in multifamily rental housing.
Read more...Multifamily housing starts soar while single-family permits remain flat | 2014-08-19 | HousingWire
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