Steel Markets
December 16, 2016
Housing Starts Fall in November
Written by Sandy Williams
Housing starts retreated in November to a seasonally adjusted annual rate of 1,090,000. The rate is 18.7 percent below the revised October estimate of 1.34 million and 6.9 percent below the November 2015 rate.
Sequentially, single family starts fell 4.1 percent and multifamily starts plunged 43.9 percent. On a year over year basis single family was down 6.9 percent and multifamily structure of five units or more fell 31.7 percent.
