Housing starts edges higher in December as permitting for residential construction soars

0
82

U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.7 million in December, representing a 1% increase from the previous month, the U.S. Census Bureau reported Wednesday. Compared with December 2020, housing starts were up 2.5%. Meanwhile, permitting for new homes occurred at a seasonally-adjusted annual rate of 1.87 million, up 9% from November and 6.5% from a year ago. Economists polled by MarketWatch had expected housing starts to occur at a median pace of 1.65 million and building permits to come in at a median pace of 1.71 million.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleWhat’s Worth Streaming: Here’s what’s coming to Hulu in February 2022 — and what’s leaving
Next articleState Street stock extends pullback from near 4-year high after revenue comes up shy of expectations

LEAVE A REPLY

Please enter your comment!
Please enter your name here