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December Housing Starts Jumped 40.8% YOY

December Housing Starts Jumped 40.8% YOY

Washington, DC, January 17, 2020—Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,608,000, 16.9% above the revised November estimate of 1,375,000 and 40.8% above the December 2018 rate of 1,142,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.

Industrial Production Slipped 0.3% in December

Industrial Production Slipped 0.3% in December

Washington, DC, January 17, 2020-Industrial production declined 0.3% in December, as a decrease of 5.6% for utilities outweighed increases of 0.2% for manufacturing and 1.3% for mining, reports the Federal Reserve.