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- U.S. housing market data was mixed in December
U.S. housing market data was mixed in December
The U.S. Commerce Department released the housing market data on Wednesday. Housing starts in the U.S. rose 4.4% to 1.089 million annualized rate in December from a 1.043 million pace in November, beating expectations for a decrease to 1.040 million. November's figure was revised up from 1.028 million units.
Building permits in the U.S. decreased 1.9% to 1.032 million annualized rate in December from a 1.05 million pace in November, missing expectations for a rise to 1.054 million units. Permits figures have been above a 1 million-unit pace since July 2014.
Starts of single-family homes jumped 7.2% to 728,000 units in December, the highest level since March 2008. Building permits for single-family homes rose 4.5% in December, the highest level since January 2008.
Starts of multifamily buildings declined 0.8% in December. Permits for multi-family housing dropped 11%.8.
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