Building permits for December come in at 1210K vs 1225K estimate.
The US housing starts data for the month of December has come in better than expectations at 1226K vs estimate of 1188K. The prior month was revised higher to 1102K vs 1090K.
The building permits meanwhile were less than expectations at 1210K vs 1225K. The prior month came in at 1212k (was previously revised from 1201K.
An estimated 1,166,400 housing units were started in 2016. This is 4.9% above the 2015 figure according to the US Census Bureau.
An estimated 1,062,300 hour units were started in 2016. This is up by 9.7% vs 2015.
The complaint about the housing market is not enough supply. In 2016, the supply increased at a healthy pace vs 2015.
