Property News · January 22, 2018

US housing starts fall more than expected while permits are steady


Groundbreaking on new US homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed on Thursday.
Highlights of housing starts (December)
Residential starts fell 8.2 per cent to a 1.19 million annualised rate (against an estimated 1.28 million units) after a 1.3 million pace in the prior month; it is the biggest drop since November 2016.
Single-family home starts fell 11.8 per cent to 836,…

Source : South China Morning Post
Read more…US housing starts fall more than expected while permits are steady

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