Thursday, January 18, 2007

Forex News: 18.01.2007 U.S. housing starts rise in December

New construction on homes in the United States rose for the second straight month in December on strength in apartment construction. Housing starts rose 4.5% to a seasonally adjusted annual rate of 1.64 million, the highest level since September.

Economists expected December housing starts would fall to a 1.57 million pace. Starts rose a revised 6.4% in November to 1.57 million units, down slightly from the initial estimate of a 6.7% gain.

Building permits rose 5.5% to an annual rate of 1.60 million in December from 1.51 million in November.

For all of 2006, housing starts fell 12.9% to 1.80 million, the biggest decline since 1991.


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