U.S. housing starts surge in December

Construction ongoing for upcoming residential building.

By Mindy Tan The pace of homebuilding rebounded in December and surpassed analyst estimates, driven by multi-family units. Privately-owned housing starts rose 11.3 percent to a seasonally adjusted annual rate of 1.23 million compared with the revised November annual rate of 1.10 million, stated the U.S. Department of Housing and Urban Development in a release […]