Housing starts increased 3.9 percent last month from October, the U.S. Department of Commerce reports.
Despite the gain, activity remains 45 percent below the threshold — 1 million units annually — that is considered healthy. And permits, which gauge future demand, slid 4 percent to the lowest level since April 2009.
In November, builders broke ground on 555,000 units, fueled by a 6.9 percent jump in construction of single-family homes; multifamily projects, conversely, declined 9.1 percent.
Source: Boston Globe (12/17/10)
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