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SFY - Weekly Economic Vital Signs - Slow And Steady
SoFi Select 500
Housing Starts
Starts rose 3.2% in November to a 1.365 million annual pace, which is up 13.6% over the past year, while permits rose 1.4% to an expansion high of 1.482 million. Permits are up 9% for single-family homes and 15% for multi-family homes. The rise in permits has led builder sentiment to a 20-year high. A decline mortgage rates of more than a full percentage point over the past year is also adding tremendous fuel to the fire. The number of housing units under construction is now running 2% above the third-quarter average, which