New housing construction starts rise in November

December 16, 2015 4:26 PM

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More new homes were built in November, fueled by a job market recovery and steady consumer confidence.

New U.S. home construction starts in November rose 16.5% from a year ago to a seasonally adjusted annual rate of 1.17 million, new data from the Commerce Department Wednesday show. The growth was driven largely by single-family housing starts, which rose 7.6% from October.

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