Relevant and even prescient commentary on news, politics and the economy.

March housing permits and starts – don’t get too excited

March housing permits and starts – don’t get too excited

Don’t get too excited about this morning’s big jump in housing starts for March. In the first place, it wasn’t confirmed in either total or single-family permits, which both remain down from December and January, and the latter of which is the least of all housing numbers:



Also, the big jump in starts is mainly a rebound from February’s Big Texas Freeze. February and March starts together average 1599 annualized, which is significantly below the December and January pace.