Rising permits and housing starts suggests a more healthy U.S. economy.
Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide.
Sometimes, the housing data headlines tell just half the tale. May's Housing Starts figures are proving to be a terrific illustration.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
The new construction housing market appears primed for growth.