Market Updates
Housing Starts Dropped to a 5-month Low In December
Brian Turner
19 Jan, 2023
New York City
Housing starts suffered another month after elevated home prices and rising rates impacted affordability and market activities.
Home building permits in December declined 1.6% to 1.33 million annual rate and fell 29.9% from a year ago, the U.S. Census Bureau reported Thursday.
Housing starts fell 1.4% from November to 1.38 million and plunged 21.8% from a year ago after mortgage rates surged to 15-year high and home prices stayed elevated across the nation.
In 2022, U.S. building permits for private residential construction fell 5% from a year ago to 1.65 million, starts declined 3% to 1.55 million and completions dropped 3.8% to 1.39 million.
In December, housing completions rate rose 6.4% to 1.4 million from 1.32 million a year ago.
Housing starts rate in December decreased 21.8% to 1.38 million from 1.78 million rate in the month in the previous year.
Housing permits in December declined 29.9% to 1.33 million rate from 1.89 million rate in the month in the previous year.
Multi-family home construction, which represents one third of total residential construction, in December dropped 19% from November and declined 16% from a year ago.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|