Thursday, January 18, 2007

December new home starts reported

The National Association of Home Builders (NAHB) reports that for December, 2006 "Single-family housing starts decreased 4.1 percent to a seasonally adjusted annual rate of 1.230 million units in December. This was 24.7 percent below the pace of single-family starts a year earlier."

Further "Regionally, housing starts increased in three of four regions in December. Construction of new homes and apartments rose 25.6 percent in the Northeast, 1.8 percent in the Midwest and 12.4 percent in the West. Housing starts declined in the South by 2.0 percent over the month. Three of the four regions reported a pace of construction well below a year earlier. Only the Northeast reported a higher pace than a year ago."

To read more: NAHB December housing starts

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