Some of the headlines today were "housing starts down 1 percent in July." But housing starts are still higher than they have been for almost a year. Moreover, apartment/condo buildings probably react with a lag (these projects take a while to stop, so their inventory build up more), so if we look at single-family housing starts, those were up in July, as they have been for several months.
Professor Perry at Carpe Diem made a nice chart on this topic:
Professor Perry at Carpe Diem made a nice chart on this topic:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh08nJD2O8wTuHxgZ_lTH3ZP9Ug3t4LiHrzwy2EG3-JKudTbHrdmmBYHIH5-geETl9ViFyHunpM4VOSO1bUKeZh5sPpF1pl_qSDM7cdF3T8S-3ndtqQuVLxyanA7Ad2TYPGJ3j5EKZcies/s400/Perrypermits.jpg)
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