Still Shy by 11.4% (-11.4%) of Recovering Its Pre-Recession Peak,
August 2017 Freight Activity Notched Higher Year-to-Year

August 2017 New Residential Construction Continued in Downtrend

Activity Held Shy of Regaining Pre-Recession Highs by 42.6% (-42.6%) for Building Permits,
48.1% (-48.1%) for Housing Starts and 53.3% (-53.3%) for Single-Unit Starts,
While Multi-Unit Starts Have Fallen Back Anew by 26.9% (-26.9%)

Nonsense-Volatility in the August Housing Starts Series:
Monthly Declines in Total and Multiple-Unit Starts and a Gain in Single-Unit Starts
All Were Artefacts of Much Larger, Opposite Revisions to July 2017 Activity

New Residential Construction Should Receive
Some Boost in the Months Ahead from Hurricane Destruction and Damage