Financial News: U.S. Housing Starts Unexpectedly Surge 7.2% In January

U.S. Housing Starts Unexpectedly Surge 7.2% In January

03/12/2026 - 08:43:00 (RTTNews)

(RTTNews) - New residential construction in the U.S. unexpectedly surged in the month of January, the Commerce Department revealed in a report released on Thursday.

The Commerce Department said housing starts spiked by 7.2 percent to an annual rate of 1.487 million in January after jumping by 4.8 percent to a revised rate of 1.387 million in December.

Economists had expected housing starts to slump by 3.9 percent to an annual rate of 1.350 million from the 1.404 million originally reported for the previous month.

Meanwhile, the report also said building permits plunged by 5.4 percent to an annual rate of 1.376 million in January after surging by 4.8 percent to a revised rate of 1.455 million in December.

Building permits, an indicator of future housing demand, were expected to tumble by 5.2 percent to an annual rate of 1.410 million from the 1.448 million originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Homebuilder Confidence Deteriorates Much More Than Expected April (56 min(s), 52 sec(s) ago)
(RTTNews) - Reflecting economic uncertainty coupled with rising building material costs and intere ...Full Story»

U.S. Crude Oil Inventories Unexpectedly Edge Lower (01 hr(s), 0 min(s),52 sec(s) ago)
(RTTNews) - The Energy Information Administration released a report on Wednesday showing crude oil ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Growth In April (01 hr(s), 09 min(s), 52 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Wednesday unexpectedly sh ...Full Story»

U.S. Import Prices Climb 0.8% In March, Much Less Than Expected (01 hr(s), 51 min(s), 52 sec(s) ago)
(RTTNews) - Import prices in the U.S. grew by much less than expected in the month of March, accor ...Full Story»

New York Manufacturing Index Unexpectedly Turns Positive In April (03 hr(s), 01 min(s), 52 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Wednesday unexpectedly sh ...Full Story»

U.S. Import Prices Climb Much Less Than Expected In March (03 hr(s), 06 min(s), 52 sec(s) ago)
(RTTNews) - Import prices in the U.S. grew by much less than expected in the month of March, accor ...Full Story»

Irish Trade Surplus Shrinks In February (05 hr(s), 06 min(s), 52 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus decreased in February as imports grew amid a fall ...Full Story»

Hungary Industrial Output Falls As Estimated (05 hr(s), 25 min(s), 52 sec(s) ago)
(RTTNews) - Hungary's industrial production declined for the second straight month as initiall ...Full Story»