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Permits, Builder Sentiment Boost Housing Hopes for Spring

Permits, Builder Sentiment Boost Housing Hopes for Spring

December’s housing starts failed to sustain their November growth but permit activity as well as positive news out of the National Association of Home Builders (NAHB) suggested construction could rise again this spring. The U.S. Census Bureau and the Department of Housing and Urban Development said housing starts in the U.S. were at a seasonally adjusted annual rate of 1.460 million units in December, down 4.3 percent for the month. A downgrade of November starts from a 1.560 million rate to 1.525 million still left the month with the highest numbers of the year. December starts were 7.5 percent above pace the prior December pace , and higher than the forecast of 1.425 million from analysts polled by Econoday. Single-family starts were at an annual rate of 1.027 million units, a
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