Keeping you up to date on the latest data releases.
- Housing Starts
In December, the groundbreaking of new single-family homes fell 7.0 percent to a seasonally-adjusted annualized rate of 667,000 units started, a 7.6 percent improvement compared to December 2012. On a monthly basis, the rate of housing starts fell across all regions, ranging from a 19.3 percent decline in the West to a 2.7 percent decline the South. Annual growth rates also varied widely, from a 9.1 percent decline in the Northeast to a 13.4 percent increase in the South. The authorization of single-family home building permits fell by 4.8 percent for the month, but has improved by 4.5 percent over the past 12 months to a seasonally-adjusted annualized rate of 610,000 permits issued. All regions made strong double-digit gains on an annual basis, but monthly changes ranged from a 12.3 percent decline in the Midwest to a 12.1 percent increase in the West.