U.S. Housing Starts Rise to Highest Level in a Year

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Dec. 20 (Bloomberg) -- Builders broke ground in November on the most houses in over a year, led by a three-year high on work in multifamily units. Starts increased 9.3 percent to a 685,000 annual rate, the highest level since April 2010, Commerce Department figures showed today. Building permits, a proxy for future construction, also climbed to a more than one-year high. Michael McKee and Lisa Murphy report on Bloomberg Television's "In the Loop." (Source: Bloomberg)


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