The U.S. government is reporting that privately‐owned housing starts in December, 2024 were at a seasonally adjusted annual rate of 1,499,000, which is 15.8% higher than November’s revised number and is 4.4% lower than one year ago. December’s rate for units in buildings with five units or more was 418k. Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,493,000, which is 0.7% lower than November’s revised number and is 3.1% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 437k in December.
Click here to read the full report at the U.S. Census Bureau.
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Written by: Brad Beckett