Housing Starts Beat On Jump In Rental Units, Single-Family Permits Rise To Highest Since 2007

Thursday, January 19, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jan 19, 2017

Continuing the trend of strong economic data, housing starts rose more than expected in December, hitting 1.226K in December, driven by a jump in mult-family units. Alternatively, housing permits declined modestly as new multi-family units dipped to the lowest since March, however offset by the highest single-family permits number since the financial crisis.

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