Diana Olick Pours Cold Water On Homebuilders

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Go back to Diana Olick Pours Cold Water On Homebuilders

Housing Starts at 954K in December Beat Views; Homebuilders Rise (HOV) (PHM)

January 17, 2013 8:51 AM EST

Homebuilders are largely in positive territory Thursday following new housing data released earlier by the U.S. Census Bureau.

New housing starts were 954,000 for December 2012, a 12.1 percent increase over a revised 851,000 number for November and 36.9 percent over the December 2011 result. The Street consensus was looking for a more modest reading of... More