Housing Begins Up 5.8% in December | ABA Banking Journal

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Housing begins elevated to a seasonally adjusted annual fee of 1.669 million in December, based on the U.S. Census Bureau. The rise was 5.8% above the revised November estimate of 1.635 million and is 17.3% above the December 2019 fee of 1.475 million. Single-family dwelling begins elevated 12.0% from final month.

Housing begins have been blended throughout the nation, falling within the Northeast (7.2%) however rising within the West (11.2%), South (1.3%) and Midwest (13.6%).

New constructing permits have been 1.709 million in December, 4.5% increased from the earlier month and 17.3% increased year-over-year. Single-family constructing permits elevated 7.8% from the revised November determine.

Housing completions have been at a seasonally adjusted annual fee of 1.417 million, up 15.9% from the revised November estimate and eight.0% above the December 2019 fee.

Learn the Census release.

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