Here come housing starts ...
Mike Blake/Reuters
Economists forecast that housing starts rose by 9% at a seasonally adjusted annual rate of 1.188 million, according to Bloomberg. They estimate that building permits rose by 1.1% at a rate of 1.225 million.
In November, home groundbreakings pulled back from the nine-year high hit in the prior month. Starts slowed the most - by more than half - in the Northeast and in buildings with five or more units.
"Starts have been volatile of late, likely as a result of swings in the weather," said Sam Bullard, a Wells Fargo economist, in a note.
"Housing permits have been a bit less volatile. With single-family starts running ahead of permits and the reverse true for multifamily, we expect some rebound in multifamily starts is likely in the coming months, while single-family may see a bit of a pullback."
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit