Jan
19
Housing Starts in U.S. Rose More Than Forecast in December
ByBuilders broke ground on more U.S. homes than forecast in December as a jump in apartment construction helped cap the seventh straight yearly increase, a report from the Commerce Department showed Thursday.
Key Points
- Starts rose 11.3 percent to a 1.23 million annualized rate (forecast was 1.19 million) from a revised 1.10 million pace
- Permits, a proxy for future construction, decreased 0.2 percent to a 1.21 million annualized rate (forecast was 1.23 million)
- Single-family starts declined 4 percent to 795,000 rate, while multifamily construction jumped 57.3 percent to 431,000…
Housing Starts in U.S. Rose More Than Forecast in December
