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Economics

Builders in U.S. Probably Began Work on More Homes in November

Builders probably began work on more homes in November, a sign the market may be stabilizing heading into 2012, economists said before a report today.

Starts increased 1.1 percent to a 10-month high of 635,000 annual rate last month, according to the median estimate of 79 economists surveyed by Bloomberg News. Permits, a proxy for future construction, may have fallen from October’s 19-month high.