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Dec New Home Starts Highest Since '06 At....>

US DATA
US DATA: Dec New Home Starts Highest Since '06 At 1.608m SAAR; Permits Down
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- Dec new home starts +16.9% to 1.608m SAAR vs expected 1.380m BBG
- Dec new home starts highest since Dec 2006 (1.649m) 
- Dec building permits -3.9% to 1.416m vs November 1.474m
- Nov starts rev up to 1.375m SAAR from 1.365m 
- Dec starts breakdown: NE +25.5%, MW +37.3%, South +9.3%, West +19.8% 
- Dec 1-family permits -0.5%, starts +11.2%; highest est since Jun 2007
- Dec multi-family permits +9.6%, starts +29.8%
- Dec yr/yr starts up +40.8%
- Dec housing units under construction +2.0%, completions +5.1%

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