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US housing at the beginning of the year on the rise

Housing construction in the USA starts with a tailwind in the year.

In January, the number of new construction started increased by 9.7 percent to an annual rate of 1.32 million, as the Commerce Department announced on Friday in Washington. This is the highest level since October 2016. Economists interviewed by Reuters had only expected a value of 1.23 million.

In particular, the construction of single-family homes, which accounts for a large part of the market, rose sharply – by 3.7 percent. Building permits for the sector as a whole increased by 7.4 percent to an annual rate of 1.39 million, the highest level since June 2007.

webmasterUS housing at the beginning of the year on the rise