Building Permits Jump 9.1% in December

The U.S. government is reporting that privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,702,000, which is 1.4% higher than November’s revised number and 2.5% higher than one year ago. November’s rate for units in buildings with five units or more was 524k. Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,873,000, which is 9.1% higher than November’s revised number. Authorizations of units in buildings with five units or more were at a rate of 675k in December. Continue reading HERE...