U.S. housing starts fall, but trend points to recovery

(Reuters) – U.S. housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market.

Carpenters work at a housing site of Mid-Atlantic Builders The Villages of Savannah in Brandywine Maryland

Groundbreaking declined 1.6 percent to a seasonally adjusted annual pace of 1.028 million units, the Commerce Department said on Tuesday. October’s starts were revised up to a pace of 1.045 million units.  Read more

Categories: Economy, United States

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