US home construction jumps 5.8% in December to 1.67 million

U.S. home construction jumped 5.8% in December to 1.67 million units, ending a strong year for home building

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

U.S. home construction jumped 5.8% in December to 1.67 million units, ending a strong year for home building.

The better-than-expected gain followed an increase of 9.8% in November, the Commerce Department reported Thursday.

Housing has been one of the star performers this year even as the overall economy has been wracked by the coronavirus. Record-low mortgage rates and the desire of many people to move to larger homes during the extended stay-at-home period has fueled demand.

For December, construction of single-family homes increased 12%.

Stay up to date with notifications from The Independent

Thank you for registering

US home construction jumps 5.8% in December to 1.67 million

U.S. home construction jumped 5.8% in December to 1.67 million units, ending a strong year for home building

Bookmark popover

Thank you for registering