Housing Starts at Levels Not Seen Since the '70s

The housing market heads into the new year in a construction boom the likes of which we haven't seen since Richard Nixon was president. The U.S. Census Bureau said there were 1,679,000 privately owned housing starts in the month of November, the most since 1973, according to an analysis by Calculated Risk Newsletter.

That's for both multifamily and single-family starts and represents a nearly 12% jump from October and 8.3% more than November 2020. Single-family starts comprise nearly 1.2 million of those starts, according to the New Residential Construction Report issued by the Census Bureau on Dec. 16.

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Source Fool.com