August 18, 2022

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Home Finishes First

Housing starts rise in December as builders ramp up production of single-family homes

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Housing starts rise in December as builders ramp up production of single-family homes




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U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.67 million in December, representing a 5.8% increase from the previous month’s figure, the U.S. Census Bureau reported Thursday. Permitting for new homes occurred at a seasonally-adjusted annual rate of 1.71 million, up 4.5% from November. Both figures came in ahead of analysts’ expectations, reflecting growth in the single-family sector.

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