Housing Starts Climb to Highest Rate Since June 2008

January 17, 2013

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Groundbreaking to build new U.S. homes accelerated in December to its fastest pace in over four years, supporting the view that housing is poised to provide a substantial boost to the U.S. economy.

The Commerce Department said on Thursday that starts at building sites for homes surged 12.1 percent last month to a 954,000-unit annual rate.

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Source: Reuters

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U.S. Department of Commerce

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