1/21: MetroIntelligence Economic Update by P. DUFFY

December housing starts soar 41 percent year-on-year to 13-year high of 1.61 million per year

Privately?owned housing starts in December rose to a 13-year high of 1,608,000 per year.  This is 16.9 percent above the revised November estimate of 1,375,000 and is 40.8 percent above the December 2018 rate of 1,142,000.

https://www.census.gov/construction/nrc/pdf/newresconst.pdf

 

December building permits fall 3.9 percent to 1.42 million per year, but up 5.8 percent year-on-year

Privately?owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,416,000.  This is 3.9 percent below the revised November rate of 1,474,000, but is 5.8 percent above the December 2018 rate of 1,339,000.

https://www.census.gov/construction/nrc/pdf/newresconst.pdf