U.S. housing starts exceed expectations

The annualized rate of housing starts rose 14.6% to 596,000 units in January, while the annual pace of building permits, an indicator of future starts, fell 10.4% to 562,000 units – closely in line with many economists’ predictions of 559,000 starts.

Much of the volatility in new home construction was felt from declines in detached home starts, which edged down by 1%.

TD Economics predicts the rate of housing starts will continue to improve, hitting an annualized rate of 650,000 by the end of the year largely as a result of further job growth and improving credit conditions.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

COMMENTS

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Do you invest in commercial properties?