In a bullish sign for the US economy and the real estate sector, housing starts surged in Dec, far above expectations. The key takeaway: the 1yr trend accelerated to nearly a 41% gain! That's the strongest increase in nearly 7yrs! https://cnb.cx/30us6bu
America's housing market boomed in December as part of the roaring economy under President Donald Trump. Housing starts jumped 16.9 percent from November, the largest percentage gain since October 2016, according to CNBC.
The December annualized rate of 1.608 million units was a 40.8 percent increase from December 2018 and represented the highest level since December 2006.
The torrid December meant that for the year, an estimated 1.29 million housing units began construction in 2019, an increase of 3.2 percent from 2018