October’s 13.7% MoM spike in housing starts was revised dramatically lower to just +8.4% which makes November’s 3.3% rise (vs expectations for a 3.1% decline) somewhat less impressive. Building Permits dipped from recent highs.

Northeast starts tumbled -39.6% and down -12.9% in Midwest, but jumped in South +11.1% and West +19.0%

While both cohorts rose, single-family starts are now at their highest since 2007…

Additionally Single-family permits are the highest since 2007…

http://www.zerohedge.com/news/2017-12-19/renter-nation-dead-single-family-housing-starts-permits-highest-2007