Economics
U.S. Housing Starts Fall More Than Expected, Permits Steady
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Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed Thursday.
The decline in starts suggests that November’s jump in home construction was more of a temporary spike than an increase in the underlying pace of growth. It could also reflect weather effects.