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1/17, 2:30 PM (Source: TeleTrader)
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US housing starts surge 16.9% in December

Housing starts in the United States in December totaled 1,608,000, seasonally adjusted, jumping 16.9% monthly and 40.8% annually, according to data released by the Census Bureau on Friday. This represents the highest figure in 13 years.

Single‐family housing starts grew 11.2% compared to November. Meanwhile, building permits added 3.9% month on month and 5.8% year on year. Single‐family authorizations slid 0.5% in the last month of 2019 compared with the month prior.

In all of 2019, housing starts rose 3.2% to 1.25 million, while the number of building permits amounted to 1.37 million, 3.9% higher than in 2018.

Breaking the News / NI