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U.S: New home construction gathers momentum

Posted on 20 January 2012

New home construction slowed slightly in December after a strong November showing, but was still much more active than a year earlier. The Census Bureau reported that housing starts fell to 657,000 on an annual basis, down just 4.1% compared with a strong November. Building permits, which are less affected by weather than starts, came in at a 679,000 annual rate, about the same as a month earlier.
The results lagged industry expectations. A consensus of industry experts from Briefing.com had forecast starts of 673,000 and permits of 680,000………………………………………..Full Article: Source


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