Housing starts jump in December
|Summary
- Total housing starts jumped 5.8% to a 1.67 million unit pace in December, the strongest pace since 2006.
- Single-family starts soared 12% during the month and are up 27.8% over the past year.
- Multifamily starts declined 13.6% in December and are down 38.7% year-over-year. • Building permits rose 4.5% during the month. Single-family permits increased 7.8%, while multifamily permits dropped 3%. •
- Bottom line: New residential construction continues at a robust pace, although the reemergence of COVID and rising material prices may begin to weigh on activity in coming months.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.