Housing Starts Decline 3.7% In November

Nationwide housing starts declined 3.7 percent to a seasonally adjusted annual rate of 1.19 million units in November as home builders wisely continued to put the brakes on new-home production, according to newly released data from the U.S. Commerce Department.

“The report is consistent with what single-family builders have reported in our recent surveys, and is very much in line with our expectations,” said NAHB Chief Economist David Seiders. “It’s no surprise that builders are start

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