Housing Starts Up 6.7% in November
Construction of new homes rebounded in November, rising 6.7% to a seasonally adjusted annual rate of 1.588 million, after a 14% drop in October, according to a Commerce Department report.
Building permits were off 3%, to a seasonally adjusted annual rate of 1.506 million ,to a nine-year low.
The pace of starts in November was above the expected 1.54 million, while permits fell short of the 1.55 million expected by economists.
Building permits were off 3%, to a seasonally adjusted annual rate of 1.506 million ,to a nine-year low.
The pace of starts in November was above the expected 1.54 million, while permits fell short of the 1.55 million expected by economists.
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