Keeping you up to date on the latest data releases.
- Housing Starts
The groundbreaking of new single-family homes in December rose to a seasonally-adjusted annualized rate of 616,000 units. This represents an 8.1 percent increase for the month and an 18.5 percent increase since December 2011, as well as the highest level of housing starts in over four years (June of 2008). Regionally, the South continues to show the strongest gains by volume while annual percent changes were the most robust in the West, up 43.3 percent, weakest in the Midwest, down 21.7 percent. The issuance of single-family home building permits rose 1.8 percent from November to December and 27.3 percent since last December to a seasonally adjusted annualized rate of 578,000 permits.