Quikrete Industry Dashboard
This very special edition features a single-family milestone
The last time single-family starts crossed the million mark was July 2007. So that makes this version of the Quikrete Industry Dashboard extra special — December single-fam starts hit a seasonally adjusted annual rate of 1,055,000.
Also of note: the pace of total housing starts jumped more than 40% from a year ago to 1,608,000.
That’s good news for the trades and those who supply them. It’s also good news specifically for Builders FirstSource and BMC Holdings, shares of which are trading 122% and 90% higher respectively, since January 2019.
Gas prices have shown little movement, and same with unemployment and Consumer Confidence.
The National Association of Realtors will release existing home sales data Jan. 22.
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