Keeping you up to date on the latest data releases.
- Housing Starts
The groundbreaking of new single-family homes fell 15.9 percent in January and 6.7 percent over the past twelve months to a seasonally-adjusted annualized rate of 573,000 units started. This drop represents the lowest level of housing starts since August 2012. The Midwest suffered the largest declines, falling 60.3 percent for the month and 48.9 percent on year over year basis. Meanwhile, the West improved by 10.7 percent on both a monthly and annual basis. The authorization of new single-family housing units ticked down 1.3 percent to a seasonally-adjusted annualized rate of 602,000 permits issued.