US December housing starts 1608K vs 1380K expected

Author: Adam Button | Category: News

US December housing starts

housing starts
  • Prior was 1365K (revised to 1375K)
  • +16.9%
  • Single family starts +11.2%
  • Building permits 1416K vs 1460K exp
  • Permits -3.9%
  • Prior permits 1482 (revised to 1474)
That's the largest one-month jump since October 2016 and unlike that number it wasn't preceded by a big dip the month before. In fact, the past two months have also been strong and this chart looks like a genuine breakout.

US housing is a big wildcard this year and it would be a major jolt for the consumer and investment spending if it picked up.

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