Property News · January 19, 2017

US housing starts beat forecasts in December


Builders broke ground on more US homes than forecast in December as a jump in apartment construction helped cap the seventh consecutive yearly increase, a report from the Commerce Department showed on Thursday.
Starts rose 11.3 per cent to a 1.23 million annualised rate from a revised 1.1 million pace in November, beating the forecast for 1.19 million. Permits, a proxy for future construction, decreased 0.2 per cent to a 1.21 million annualised rate. Single-family starts declined 4 per cent to…

Source : South China Morning Post
Read more…US housing starts beat forecasts in December

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