Month: January 2018


Homebuilding On The Rise

Residential housing starts for November rose 3.3% to 1.3m annualized rate which is higher than the estimate of 1.25m and above the 1.26m of the prior month.

Single-family starts jumped 5.3% to 930,000, highest since Sep 2007.

Single-family permits have increased for three straight months, also indicating a sustained pipeline of work for developers.

Homebuilder’s confidence jumped in December to the highest level since July 1999.

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