December US housing starts
- Prior was 1547K
- Building permits 1709K vs 1608K exp
- Prior permits 1635K
- Permits +4.5% m/m vs -1.7% exp
Details:
- Single family starts +12.0% vs +0.4% prior
- Multifamily -15.0% vs +4.0% prior
- Single family permits +7.8% vs +1.3% prior
Starts are up 27% y/y. It’s a boom.