Housing Continues To Surge

Low-interest rates continue to fuel a strong upsurge in new housing construction.

I’ll put up a more detailed post later, but for now simply note that housing permits, both overall and for the less volatile single-family housing component, made new expansion highs, at levels not seen since 2007. Housing starts backed off from December - but to only the second-highest numbers of the entire expansion.

Here’s the graph from the Census Bureau:

This is extremely bullish for the economy at the end of this year and into next year.