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by CareyBot

The seasonally adjusted annual rate of housing starts in December was up approximately 10.9 percent over the November estimate but approximately down 3 percent from the December 2003 rate, the U.S. Census Bureau and U.S. Department of Housing and Urban Development announced today. The seasonally adjusted annual rate projects a monthly total over a 12-month period. In 2004, the number of housing starts (not seasonally adjusted) grew 9.2 percent in the West, 8.3 percent in the South, and 6.6 percent in the Northeast, while falling 4.8 percent in the Midwest. Overall, housing starts were up 5.7 percent in 2004. Also, the number of housing starts (not seasonally adjusted) for structures with 2-4 units rose 23.6 percent in 2004, while starts for structures with one unit were up 7.3 percent...