U.S. single-family housing starts rise to highest in a decade

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GROUNDBREAKINGS ON SINGLE-FAMILY home proceeded in November at the strongest pace in a decade. / BLOOMBERG
GROUNDBREAKINGS ON SINGLE-FAMILY home proceeded in November at the strongest pace in a decade. / BLOOMBERG
NEW YORK - Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving U.S. housing starts to a faster-than-estimated rate, government figures showed Tuesday. Highlights of housing starts (November) Residential starts rose 3.3 percent to 1.3 million annualized rate (est. 1.25 million) after 1.26 million pace in prior month (revised from…

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