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Housing Starts Were Lower in December

Ricky Cove
Housing Starts Were Lower in December

The storm-related surge in housing starts in the southern region seems to be subsiding after the hurricanes. The housing starts for December fell 8.2% and are 6% lower compared to 2016. The US Census Bureau and Department of Housing and Urban Development reported the housing starts in December at 1.192 million—a minor drop from the revised November reading of 1.299 million.