Pursuits
Real Estate Recovery in U.S. Uneven as Housing Starts Fall
This article is for subscribers only.
The residential real estate recovery in the U.S. is best described as plodding, with the industry taking a step back in November for the first time in three months.
Housing starts declined 1.6 percent, the first drop since August, to a 1.03 million annualized rate from a revised 1.05 million pace in October that was stronger than previously estimated, figures from the Commerce Department showed today in Washington. The decrease was led by a plunge in the South as other areas registered gains.