Widget Image
Follow PPD Social Media
Follow Us:
People's Pundit Locals Community
Thursday, January 20, 2022
HomeNewsEconomyHouse Starts, Building Permits Bounce Back in December: Commerce

House Starts, Building Permits Bounce Back in December: Commerce


New home construction workers. (Photo: Reuters)

The Commerce Department said on Thursday housing starts in the U.S. came in at an annual rate of 1.226 million in December, beating estimates for 1.200 million. November’s starts were revised up to a 1.10 million-unit rate from the previously reported 1.09 million-unit pace.

Building permits, which are a sign of future activity, came in at 1.210 million, missing the estimate for 1.225 million. The new report, if accurate, indicates that the housing market contributed to economic growth in the fourth quarter (4Q).

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial