Housing Starts Rebound 1.5% to 699,000 in January

January housing starts rebounded 1.5% to 699,000 annualized units. The reading was much stronger than the 675,000 expected by markets and comes after December starts were upwardly revised to 689,000 units (was 657,000 units). Multi-family starts rose 8.5% to 191,000 units in January, partially offsetting the 27.9% drop in December. Single-family starts, in contrast, fell 1.0% to 508,000 units in January though after surging 12.0% the month before. Starts were up across all regions, excluding the Midwest, which fell 40.7% after a December 79% surge. The headline figure was stronger than expected, and comes after a large upward revision in December, to suggest an even firmer trajectory than markets had earlier thought. 

The posts on this blog are opinions, not advice.
Please read our disclaimers for Ratings Services, Indices, Equity Research, Securities Evaluations and Risk Solutions.

Post a Comment

Thank you for submitting a comment. We ask you to use the comment guidelines to promote thoughtful and productive discussions. Your comment will be approved before it will be posted. Thank you for your patience.

Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  • Categories

  • Recent Comments

  • Tags