Now that we’re two full weeks into 2018, some of the year-end data for 2017 is starting to trickle out.
One such report is the new home construction data from the Census Bureau and the Department of Housing and Urban Development.
And from the looks of it, 2017 ended up being a pretty decent year for new home construction.
On Thursday, the Census Bureau and HUD provided a look at the December data on new home construction, and the report shows that building permits, housing starts, and housing completions all increased in 2017.
According to the report, privately owned housing starts were at a seasonally adjusted annual rate of 1,192,000. That’s 8.2% below the revised November estimate of 1,299,000 and is 6% below the December 2016 rate of 1,268,000.