Economics
U.S. Housing Starts Rose to Fastest Pace Since 2006 in December
- Single-family construction drove gains with fresh 14-year high
- The full year saw work start on 1.38 million housing units
This article is for subscribers only.
U.S. home construction starts rose in December to the best pace since late 2006 as builders responded to the robust demand for single-family housing.
Residential starts climbed by 5.8% to a 1.67 million annualized rate, according to government data released Thursday. That topped all estimates in a Bloomberg survey of economists that had a median forecast of 1.56 million and compared with an upwardly revised 1.58 million rate in November.