---
title: Construction of New Homes Skyrockets in December
description: New home construction hit a 13-year high, increasing almost 17% vs. the same period a year ago, according to the Department of Housing and Urban Development.
---

[Financials | National Investor Network ](https://www.nationalinvestornetwork.com/financials)

# [Construction of New Homes Skyrockets in December](https://www.nationalinvestornetwork.com/financials/construction-of-new-homes-skyrockets-in-december)

 Written by [Jeff Mindham](https://www.nationalinvestornetwork.com/financials/author/jeff-mindham) | Jan 21, 2020 1:52:48 AM

New home construction hit a [13-year high](https://www.housingwire.com/articles/housing-starts-soar-to-a-13-year-high/), increasing almost 17% vs. the same period a year ago, according to the Department of Housing and Urban Development. In December, multi-family building starts were up 32% while construction of new single-family homes increased by 11%.

According to Robert Frick, corporate economist at the Navy Federal Credit Union, “ Today’s housing starts not only confirm the home building revival this year, but they double down on its magnitude.” 

[View full post](https://www.nationalinvestornetwork.com/financials/construction-of-new-homes-skyrockets-in-december)

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