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U.S. private housing permits rose to highest level in 14 months

Posted by   /  February 16, 2017  /  No Comments

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A worker standing on the roof of a home under construction in San Rafael, Calif., on Nov. 17, 2016. /PHOTO: JUSTIN SULLIVAN/GETTY IMAGES

Housing starts fell 2.6%; single-family construction climbed, multiunit tumbled

By Jeffrey Sparshott | The Wall Street Journal

Private housing permits rose to the highest level in 14 months in January, a sign of healthy demand amid steady job creation.

The number of permits climbed 4.6% to a seasonally adjusted annual rate of 1.285 million, the Commerce said Department. Single-family permits slipped 2.7% while the more volatile mult-unit permit category jumped 19.8%.

Regionally, figures in the Midwest and South were particularly strong—single-family permits rose to the highest levels since 2007.

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  • Published: 2 weeks ago on February 16, 2017
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  • Last Modified: February 16, 2017 @ 7:24 am
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