Housing Starts Jump 8.2%
WASHINGTON, DC — The U.S. Department of Commerce has reported that housing starts rose 8.2% in November to a seasonally adjusted annual rate of 1.65 million units. This is the largest single month gain since January.
November’s major increase came after housing starts had dropped in October by a revised 4%, a larger decline than was earlier reported.
Low home mortgage rates have contributed to the solid housing market despite the slowdown in the overall U.S. economy.
Publication date: 12/17/2001
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