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  • U.S. housing starts fall, but trend points to recovery

    U.S. housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market.

    Groundbreaking declined 1.6 percent to a seasonally adjusted annual pace of 1.028 million units, the Commerce Department said on Tuesday. October's starts were revised up to a pace of 1.045 million units.

    Economists polled by Reuters had forecast starts rising to a rate of 1.04 million units from October's previously reported pace of 1.01 million units.


    More: http://www.reuters.com/article/2014/...0JU1KH20141216
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