U.S. Housing starts last month High for the first time in 13 years 10:11 on January 18 against a background of low interest rates
Housing starts in the United States last month rose by more than 16% to a 13-year high, driven by lower mortgage rates.
Last month, the U.S. Department of Commerce announced last month's housing starts at 1,608,000 units, a significant 16.9% increase over the previous month. This is 1.4 times larger than the same month a year ago, the highest level in 13 years since 2006, when housing construction was booming.
Looking at the breakdown, detached houses increased by 11.2% compared to the previous month, and apartments with 5 or more households increased by 32%.
This may be due to the fact that the central bank, the Federal Reserve Board, has cut interest rates on mortgages after three consecutive rate cuts since July last year. .
In the U.S. economy, in addition to the recovery in the housing market, stock prices continue to rise, but it is pointed out that there is the danger of a bubble that excessive investment in real estate and stocks will be made if prolonged low interest rates are prolonged, and that trend is paying attention It has been.