Housing starts rise as single-family sector grows


Residential construction picked up in November with a 3.3% rise in starts from October to a seasonally adjusted annualized rate of 1.297 million units. The HUD and US Census Bureau’s data shows a year-over-year increase of 12.9%. Single-family starts were up 5.3% month-over-month to 930,000 units.

Source: Housing starts rise as single-family sector grows