Comments on January Housing Starts

Earlier: Housing Starts at 1.246 Million Annual Rate in January The housing starts report released this morning showed starts were down in January compared to December 2016, however starts in December (and November) were revised up sharply.  Starts in January were actually somewhat above consensus - and above the preliminary release for December. Note that multi-family is frequently volatile month-to-month, and has seen especially wild swings over the last five months.  Single family starts were solid in January. This first graph shows the month to month comparison between......(read more)

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