December Housing Starts Still Down on Rising Costs: NAHB

Housing starts declined 1.4% in December, even though single-family housing starts posted a double-digit percentage gain last month, according to a report from the US Department of Housing and Urban Development and the US Census Bureau.

Led by a decline in multi-family production, overall housing starts decreased to a seasonally adjusted annual rate of 1.38 million units in December, the National Association of Home Builders (NAHB) said.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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