Market Pulse: Strongest Housing Numbers Since the Last Boom

181

Housing is running at its strongest levels since the summer of 2006, according to numbers today. Here’s today’s report from the Commerce Department:

  • December housing starts totaled 1.669 million (annualized). That beat the 1.56 million estimate and was the highest reading since July 2006.
  • December building permits totaled 1.709 million (annualized). That beat the 1.604 million estimate and was the highest reading since August 2006.
  • Single-family homes are dominant, while multifamily continues to weaken. This suggests the suburbanizing trend remains intact.
Advertisement Trading Platforms and Tools