December Housing Starts Jump 5 Percent As Markets in Northeast and West Surge

Privately-owned housing starts in December hit a seasonally adjusted rate of 1.83 million, a 5 percent increase over the revised November estimated of 1.75million and a whopping 15.9 percent increase over the December 2001 rate of 1.58 million.

Single-family housing starts in December 2002 topped 1.47 million, a 4.9 percent increase above the November figure of 1.40 million. The December estimate for units in buildings with five or more units was 321,000 units. An estimated 1.70 milli

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