Housing Strong: Starts Up 18% for Year

Single-family housing starts in December were at a rate of 667,000, 7% below the revised November figure of 717,000. An estimated 923,400 housing units were started in 2013. This is 18.3% above the 2012 figure of 780,600.

“As pent-up demand is unlocked and the labor market improves, we anticipate that 2014 should be an even better year for home construction,” said David Crowe, chief economist for the National Association of Home Builders (NAHB), Washington, D.C.