Single-family starts, permits fall in November
February 20, 2010 Trends Comments Off
The pace of groundbreaking for home construction in the U.S. fell in November after rebounding for the first time in four months in October, while building permits slid to the lowest level in 14 1/2 years.
Housing starts declined 3.7 percent to a seasonally adjusted 1.187 million annual rate in November, after rising 4.2 percent in the previous month to 1.232 million, the Commerce Department said this week. Year-to-year, housing starts during November were 24.2 percent below the level of construction in the same month of 2006.