Builders appear to be prepping for a huge spring.
While the U.S. Census Bureau and the Department of Housing and Urban
Development report that housing starts were down in January, typically the case
in winter, housing permits were issued at what is probably a post housing crisis
high. The seasonally adjusted rate of permitting during the
month was at an annualized 1,881,000 units, a 10.4 percent jump from December’s
rate of 1,704,000, itself a more than 4 percent monthly increase, up 22.5
percent from the 1,536,000 permits issued in January 2020.

 

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