U.S. housing starts rose 7.2% month-over-month to 1.487 million units in January, beating market expectations of 1.35 million, while building permits fell 5.4% to 1.376 million units, signaling potential future supply constraints in the housing market despite strong current construction activity.
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US January Housing Starts Rise 7.2% MoM, Building Permits Fall 5.4%

U.S. housing starts rose 7.2% month-over-month to 1.487 million units in January, beating market expectations of 1.35 million, while building permits fell 5.4% to 1.376 million units, signaling potential future supply constraints in the housing market despite strong current construction activity.

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The death of single-family housing in Los Angeles! At this rate it'll be just 1,560 years before we have no more detached homes in the city!

-- Shane Phillips @ birbsite

https://nitter.kavin.rocks/shanedphillips/status/1466140422669963267

#housing #SingleFamilyHousing #ShanePhillips #LosAngeles #LA

Shane Phillips (@ShaneDPhillips)

The death of single-family housing in Los Angeles! At this rate it'll be just 1,560 years before we have no more detached homes in the city!