US Housing

US Housing Market Data Response

19 December, 2017

Housing Starts (Nov.)

Housing starts rose for the second month in a row in November, with a 3.3% m/m gain pushing them to their highest level since October 2016. Encouragingly, it was the single-family sector which drove the increase, suggesting builders are finally responding to tight market conditions by raising production. With homebuilder confidence at a 19-year high, that steady rise in starts should continue into 2018.

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