Housing Starts & Permits Drop in December

The U.S. government is reporting that privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,382,000, which is 1.4% lower than November’s revised number and 21.8% lower than one year ago. December’s rate for units in buildings with five units or more was 463k. Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,330,000, which is 1.6% below November’s revised number. Continue reading HERE...