Single-Family Starts Hit 7-Year High in November

Single-Family Starts Hit 7-Year High in November

The U.S. Census Bureau said privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,173,000, 10.5% above the revised October estimate of 1,062,000 and 16.5% above the November 2014 rate of 1,007,000. Single-family housing starts in November were at a rate of 768,000, 7.6% above the revised October figure of 714,000.

“Single-family production this month has reached levels last seen before the Great Recession, an indicator that we are making gra

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