US housing starts reach highest level in 13 years after ‘spectacular’ December surge
|01/17/2020||Posted by BusinessMediaguide.Com under General World News||
- US housing starts soared nearly 17% in December to a 13-year high, according to a Friday release from the Census Bureau.
- The seasonally adjusted annual rate for home starts reached 1.61 million last month, topping estimates from economists surveyed by Bloomberg and leaping higher from 1.375 million in November.
- The data signals a continued recovery for the housing market as low mortgage rates and resilient consumer confidence lift construction company’s projections.
- Visit the Business Insider homepage for more stories.
US housing starts spiked 16.9% in December to their highest level in 13 years, according to a Friday Census Bureau read more >>>