November Housing Market Strengthens

Housing starts nationwide rebounded from an October setback, increasing by 5.3 percent to a seasonally adjusted annual rate of 2.123 million units in November, the U.S. Commerce Department reported. The pace was 17.5 percent above a year ago.

Single-family housing starts rose 4.8 percent to 1.808 million units for the month, matching the record set last February. Single-family starts were up by 7.5 percent on a year-to-date basis, easily on pace to surpass last year’s record-setting a

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