Housing Starts End 2012 on a High Note

Housing Starts End 2012 on a High Note
NAHB
The year 2012 was a promising one for housing. With consistent improvements in housing construction and prices, home building is once again contributing to economic growth. And the December housing starts report capped off the year with confirmation of these trends. Per Census data, solid gains in both single-family and multifamily production resulted in nationwide housing starts rising 12.1 percent to a seasonally adjusted annual rate of 954,000 units: the highest level of new home production since June 2008. Single-family starts rose 8.1 percent to a seasonally adjusted annual rate of 616,000 units in December, while multifamily production jumped 23.1 percent, to 338,000 units. Combined single-family and multifamily starts activity was up across all regions in December.