Steel Markets
December 27, 2019
Housing Starts Show Steady Improvement
Written by Sandy Williams
Housing starts increased 3.2 percent in November to a seasonally adjusted annual rate of 1,365,000. Starts were 1.36 percent above the November 2018 rate. Commencement of construction for single-family homes increased 2.4 percent from October, while starts for buildings of five units or more increased 2.3 percent.
New construction was strongest in the South with single-family starts up 10.3 percent, followed by an increase of 1.4 percent in the West. Starts were down 3.7 percent in the Northeast and 15.5 percent in the Midwest.
