The housing starts numbers for September were released this morning and point to a V-shaped recovery for housing markets. 1 unit starts were up 8.52% and permits to build were up 7.8%.
This is a V-shaped recovery for single family housing.
Unfortunately, there is no V-shaped recovery in 5+ unit multifamily housing.
But the overall economy is showing a distinct v-shaped recovery, according to The Atlanta Fed GDPNow forecast model.