Housing Starts Hit 19-Year High in November

Home builders ramped up the pace of housing starts to a seasonally adjusted annual rate of 2.07 million units in November, the Commerce Department reported. This is 4.5 percent above October’s upwardly revised estimate of 1.98 million units, 17.6 percent above the November 2002 rate, and the strongest rate of housing production since February of 1984.

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