Keeping you up to date on the latest data releases.
- Housing Starts
New residential construction starts fell 4.1 percent in November to a seasonally-adjusted rate of 565,000 units after reaching the highest monthly growth rate since 2008 in October. Over the past 12 months, housing starts have risen 22.8 percent, which was driven mainly by strong gains in the West and Midwest regions. The authorization of single-family build permits, a sign of future demand, fell 0.2 percent from October to November, but have risen 25.3 percent since this time last year to a seasonally-adjusted rate of 565,000 permits. While the construction of new residential homes is making significant strides, it is still well below the peak of 2.3 million in 2006.