Wednesday, January 10, 2018

US Housing Starts - UP

The latest figures from the U.S. Commerce Department show housing starts for November rose 3.3% to 1.3M which exceeds the estimate of 1.25M and the previous month of 1.26M.

The largest segment, single-family starts, jumped an amazing 5.3% to 930,000 - the highest level since September 2007. This has helped homebuilder's confidence to jump in December to the highest level since July 1999.