Steel Markets
December 18, 2015
Housing Starts, Permits and Builder Confidence
Written by Peter Wright
Total housing starts in November were at an annual rate of 1,173,000 which was up from 1,062,000 in October. Since April total monthly starts annualized have ranged from 1,062,000 to 1,211,000 with the high month being June. In November the three month moving average (3MMA) was 1,147,000 which was up from 1,128,000 in October. August at 1,160,000 had the highest 3MMA since the recession. Total starts are on track to reach 1.4 million units annualized by the end of 2018 (Figure 1).
