Steel Markets
February 16, 2017
Housing Starts Decline in January but Permits Increase
Written by Sandy Williams
Housing starts in January declined by 2.6 percent from the revised December total but were 10.5 percent higher than the January 2016 rate, according to the latest report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Housing starts were at a seasonally adjusted annual rate of 1,246,000.
Single family starts were up 1.9 percent from December to a rate of 823,000. Starts for apartment style housing of five units or more declined 7.9 percent.
