US housing construction increases 3.2 percent in November

Construction of new homes rose again in November while applications for building permits rose to the highest level in 12 years, both encouraging signs of a rebound in the housing market. The Commerce Department said builders started construction on a seasonally adjusted annual rate of 1.37 million homes in November, an increase of 3.2 percent from ...

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US housing construction increases 3.2 percent in November

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