Steel Markets
December 16, 2014
Housing Starts, Permits and Builder Confidence
Written by Peter Wright
Starts in November declined to an annual rate 1,028,000, the same as the number for September but down from 1,045,000 in October. The three month moving average, (3MMA) rose to 1,034,000, (Figure 1). This was the third consecutive month that the 3MMA of starts exceeded a million units. The year over year growth rate of the 3MMA of total starts in October was 6.8 percent. Total starts are still on track to reach 1.6 million by the end of 2018.
