Value Investor Research
ECM: US: New housing construction exceeds forecast in January
value_investor
Publish date: Fri, 17 Feb 2012, 11:38 AM
Builders broke ground on more homes than forecast in January, helped by warmer weather and adding to signs the U.S. residential real estate market is stabilizing. Starts rose 1.5% to a 699,000 annual rate from December¡¯s 689,000 pace that was stronger than previously reported. The median estimate in a Bloomberg News survey called for a rise to 675,000. Building permits, a
proxy for future construction, also climbed. (Bloomberg)
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