Despite dip, housing starts show strength

Builders expect 'modest' rising trajectory in 2013

Builders started construction on new homes in January at a pace that suggests last year’s upswing in construction is sustainable despite a slight month-over-month dip.

At a seasonally adjusted annual rate of 890,000 units per year, January new-home starts were down 8.5 percent from the month before, but up 23.6 percent from a year ago, according to the latest numbers from the U.S. Census Bureau.