6 Things June’s Housing Starts Tell Us

This may be the best year for the housing market since the recovery began, says Trulia’s Chief Economist Selma Hepp.

Housing starts and permits, though volatile, have had a strong rebound after this past harsh winter. In June, housing starts increased by 9.8 percent from May, and had a year-over-year increase of 26.6 percent.

Hepp pointed out six takeaways from June’s numbers. Here are the first three:

1. Single-family starts are still at less than half of their historical average
2. Despite experts predicting multifamily construction would slow down, there was annual growth
3. There are signs that the apartment market may peak soon

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