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.



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.