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US – Jan Housing Starts
20/02/2020 10:35 am MYT
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Housing starts in Jan fell by 3.6%, month-on-month, but rose 21.4%, year-on-year, to a seasonally-adjusted annual rate (SAAR) of 1.567 mln units – see figure 1. Month-on-month, the number of single-family housing units started fell 5.9% while multi-family housing units rose by 3.0%. Meanwhile, year-on-year, the number of single-family and multi-family housing units started respectively rose by 4.6% and 77.6% to a SAAR of 1.010 mln and 0.547 mln. Building permits, an indication of future construction activity, rose 9.2% from Dec, and 17.9% from a year ago to a SAAR of 1.551 mln units.

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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