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US – Aug Housing Starts
21/09/2022 01:37 pm MYT
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Housing starts in Aug rose 12.2% month-on-month, but slipped 0.1% year-on-year to a seasonally adjusted annual rate (SAAR) of 1.575 mln units (figure 1).


Month-on-month, the number of single-family housing starts increased by 3.4% while multi-family housing units expanded by 28.6%. Year-on-year, the number of single-family housing starts shrank by 14.6% while that of multi-family housing units jumped 31.0%, to a SAAR of 935,000 and 621,000 respectively.


Building permits, an indication of future construction activity, contracted by 10.0% month-on-month and 14.4% from a year ago to a SAAR of 1.517 mln units.



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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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