Housing Starts up Slightly

Housing Starts (June 2016)

– Starts seasonally adjusted, annualized 1,189,000. Previous was 1,135,000
– Permits seasonally adjusted, annualized 1,153,000. Previous was 1,136,000

Starts were 4.8% above May but 2.0% below June 2015. Seven years after the “recovery” Housing Starts are still less than 80% of what they need to be to account for population growth and
scrappage of units. Single family Starts were 738,000.

Redbook (week ended 7/16/2016)

– Chain Store Sales year/year +0.4%. Previous was +0.8%.