Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate of 888,000, but 21.6% above the Nov. 2011 rate of 708,000, according to the Department of Commerce. Single-family housing starts in November were at a rate of 565,000, 4.1% below the revised October figure of 589,000. The November rate for units in buildings with five units or more was 285,000.
“The starts report for November reflects a readjustment to
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