Renter Nation Returns? Multi-Family Unit Starts & Permits Soar In April
On the back of a small uptick in homebuilder confidence (though still languishing)…
…Building Permits jumped notably (+5.8% MoM vs +2.5% exp) in preliminary April data (while Housing Starts dipped 2.8% MoM, though less than the 5.2% MoM decline expected)…
The pace of starts and permits on a SAAR basis has remained flat for four years…
Multi-family unit starts and permits soared in April…
As single-family home starts stagnate…
It appears builders believe that ‘Renter Nation’ is on its way back.
Tyler Durden
Thu, 05/21/2026 – 08:50
