Keeping you up to date on the latest data releases.
- Housing Starts
In January, the groundbreaking of new single-family home construction rose to a seasonally-adjusted annualized rate of 613,000 units started. This represents a 0.8 percent increase since December and a 20 percent increase over the past 12 months. Regionally, the West posted the strongest gains on a monthly and annual basis, up 4.5 percent and 46.3 percent, respectively. Elsewhere, all other regions experienced modest double digit annual improvements and the Northeast and Midwest experienced both experienced monthly declines greater than 9 percent. The issuance of single-family housing permits rose 1.9 percent over an upwardly revised December figure and 29.2 percent since last January to a seasonally adjusted annualized rate of 584,000 permits issued.