Advertisement
U.S. Housing Starts Slump Less Than Expected In December
(RTTNews) - New residential construction in U.S. fell for the fourth straight month in December, according to a report released by the Commerce Department on Thursday, although the decrease was much smaller than expected.
The report said housing starts slumped by 1.4 percent to an annual rate of 1.382 million in December after tumbling by 1.8 percent to a revised rate of 1.401 million in November.
Economists had expected housing starts to plunge by 4.8 percent to an annual rate of 1.359 million from the 1.427 million originally reported for the previous month.
The Commerce Department said building permits also dove by 1.6 percent to an annual rate of 1.330 million in December after plummeting by 10.6 percent to a revised rate of 1.351 million in December.
Building permits, an indicator of future housing demand, were expected to jump by 2.1 percent to an annual rate of 1.370 million from the 1.342 million originally reported for the previous month.
U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April
U.S. Existing Home Sales Plunge More Than Expected In March
U.S. Durable Goods Orders Spike Much More Than Expected As Aircraft Demand Soars
U.S. Weekly Jobless Claims Inch Up To 222,000
U.S. Durable Goods Orders Spike Much More Than Expected In March
U.S. Weekly Jobless Claims Inch Modestly Higher
U.S. New Home Sales Surge Much More Than Expected In March
