Best Month for Housing Starts Since February 2008

Workers build a modular home unit in Wingdale, New York,on Oct. 31 Photograph by Ron Antonelli/Bloomberg

Homebuilders outdid themselves in November, starting construction on more homes than any of the forecasters surveyed by Bloomberg predicted. Starts rose 22.7 percent, to a seasonally adjusted annual rate of more than 1 million, according to the Commerce Department. That was the strongest month for housing starts since February 2008, nearly six years ago.

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