November Housing Starts Jump 2.4 Percent As Markets in Midwest and South Surge

Encouraged by strong homebuyer demand, low interest rates, improving consumer sentiment and healthy house-price performance, homebuilders ramped up the pace at which they started new homes and apartments to a seasonally adjusted annual rate of 1.70 million units in November, according to the U.S. Commerce Department. This was a 2.4 percent increase from an upwardly revised rate of 1.66 million units in October.

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