Steel Markets
February 16, 2018
Housing Starts Off to a Good Start in January
Written by Sandy Williams
Housing starts in January jumped 9.7 percent from December to a seasonally adjusted annual rate of 1,326,000, according to data released by the Department of Commerce. Construction of homes of five units or more surged 19.7 percent, while single-family starts climbed 3.7 percent.
Starts increased across three of the four U.S. regions, but dropped by 10.2 percent in the Midwest. Starts in the Northeast soared 45.5 percent for a total of 128,000 units compared to 88,000 in December.
