Friday, February 17, 2017

Single Family Housing Shows Solid Start for 2017

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 at 1,246 million annually adjusted and above the preliminary release for December.

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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.

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