December Housing Starts Slip

by Rylan Stewart

After November saw an impressive 9.1 increase in housing starts, December numbers slipped 4.1 percent. However, on a year-over-year basis, December’s annualized pace of 657,000 starts is up 24.9 percent. The drop in December is due to a decline in multifamily home starts. Single-family home starts increased 4.4 percent during the same time period.