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    You are at:Home»News»Housing Starts Up 11.3%

    Housing Starts Up 11.3%

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    By Brad Beckett on January 19, 2017 News

    The U.S. government is reporting that privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,226,000. This figure is 11.3% above November’s rate and is 5.7% higher than one year ago.  Single-family housing starts in December were at a rate of 795k.   The December rate for units in buildings with five units or more was 417k.  An estimated 1,166,400 housing units were started in 2016.  This is 4.9% higher than one year ago.

    Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,210,000.  This is 0.7 % higher than the December 2015.  Single-family authorizations in December were at a rate of 817,000 which was 4.7% higher than November.  Authorizations of units in buildings with five units or more were at a rate of 355k in December.  An estimated 1,186,900 housing units were authorized by building permits in 2016. This is 0.4% than one year ago.

    Click here to read the full report.

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    Brad Beckett
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