https://development.triblive.com/business/u-s-home-construction-rises-third-straight-month-in-december/
U.S. home construction rises 3rd straight month in December
AP
A sign sits in front of a KB Home construction site on Feb. 2, 2021, in Simi Valley, Calif.
SILVER SPRING, Md. — Construction of new homes in the U.S. rose again in December as builders ramp up projects amid a persistent shortage of homes.
The December increase puts home construction at a seasonally adjusted annual rate of 1.70 million units, the Commerce Department reported Wednesday, the third consecutive monthly gain.
Applications for building permits, which can forecast future building activity, rose a whopping 9.1% to a seasonally-adjusted rate of 1.87 million units.
Both starts and permits topped expectations. Analysts surveyed by FactSet were expecting 1.65 million starts and 1.70 million permit applications.
Copyright ©2025— Trib Total Media, LLC (TribLIVE.com)