A preview of January U.S. housing activity released today by Reuters news service predicts the median forecast for housing starts to rise to an annual rate of 580,000 units in January after having fallen to 557,000 units in December. The median forecast for building permits is to slip to 620,000 units in January after having risen to 653,000 units in December.
Factors that influenced January activities include:
Groundbreaking activity is expected to maintain a moderate upward trend. The forecast confirmation will be released Feb. 17 at 8:30 am EST.