WASHINGTON | US home construction rose last month, led by apartments

18Dec - by Editor - 0 - In STL.News

WASHINGTON — U.S. developers broke ground on more homes last month, but the increase occurred entirely in apartments. The construction of new single-family houses fell.

The Commerce Department said Tuesday that housing starts rose 3.2 percent in November from the previous month to a seasonally adjusted annual rate 1.26 million. Despite the increase, that is down 3.6 percent from a year ago. Single-family starts dropped 4.6 percent in November and are down 13.1 percent from a year earlier.

Continue reading WASHINGTON | US home construction rose last month, led by apartments at STL.News.

Source link