U.S. Housing Starts Dip in January but Remain Strong
U.S. housing starts in January were at a seasonally adjusted annual rate of 1.246 million, down 2.6% from the revised December rate but 10.5% above the comparable month in 2016. Single-family starts increased 1.9% in January to 823,000.
Building permits in January totaled a seasonally adjusted annual rate of 1.285 million, 2.6% above the revised December rate and 8.2% higher than the same period a year earlier. Single-family authorizations were down 2.7% to 808,000. See U.S. Census Bureau