Steel Markets
January 17, 2020
Housing Construction Ends Year on a High Note
Written by Sandy Williams
Housing starts jumped 16.9 percent from November to December to a seasonally adjusted annual rate of 1,608,000. Compared to a year ago starts soared 40.8 percent.
Single-family starts increased 11.2 percent, while construction with five units or more leapt 32 percent. Starts were strongest in the Midwest and Northeast, increasing 37.3 percent and 25.5 percent from November, respectively. Starts in the West were up 19.8 percent and 9.3 percent in the South.
