August Housing Starts were down 0.8% from July—better than expectations—and if it weren’t for July’s figure being revised higher, we would’ve seen a 0.2% increase instead. Single family starts were up 13K last month but Multi-Family starts were down 23K, the main reason for that 0.8% drop we saw. Housing Permits brought great news and beat expectations, increasing 5.7% in August. However, with the recent destruction and impacts from Harvey and Irma, don’t be surprised to see a setback to starts in the coming months.
Last year, 17 percent of single and unmarried women owned a home, compared to only 7 percent of single and unmarried men. With Cincinnati, OH topping the list of 20 Best Places for Single Women to Purchase a Home it does appear the Midwest is attracting more and more single women homeowners.