Housing starts soar in January, building permits hit 10 1/2-year high

• February 16, 2018
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

Construction on new homes in the U.S., known as housing starts, jumped almost 10% in January to an annual rate of 1.33 million. That’s the second highest level since the Great Recession and it easily exceeded the 1.24 million forecast of economists.

Permits to build new homes also hit a 10 1/2-year high, rising 7.4% to an annual rate of 1.4 million.