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HomeLive CommentsUS housing starts has strongest gain since 2016, industrial production dropped -0.3%

US housing starts has strongest gain since 2016, industrial production dropped -0.3%

US housing starts jumped 16.9% mom to 1.61m annualized rate in December, well above expectation of 1.38m. That’s the largest percentage gain since October 2016. Building permits dropped -3.9% mom to 1.42m, below expectation of 1.47m.

Industrial production dropped -0.3% mom in December, below expectation of 0.0% mom. Capacity utilization dropped to 77.0%, below expectation of 77.2%.

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