Western States Lead in Housing Starts

The U.S. Census Dept. reported that privately-owned housing starts in December were at a seasonally adjusted annual rate of 529,000, 4.3 percent below the revised November estimate of 553,000 and 8.2 percent below the December 2009 rate of 576,000. Single-family housing starts in December were at a rate of 417,000; nine percent below the revised November figure of 458,000. The December rate for buildings with five units or more was 102,000.

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