U.S. Housing Starts Reach Highest Level in Five Years via World Property Channel

The number of U.S. housing starts in November increased 22.7 percent from the prior month, reaching its highest level in five years.

Housing starts reached an annually adjusted rate of 1,091,000 -- up from the revised estimate of 889,000 starts in October -- jumping 29.6 percent higher than last November's rate of 842,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development data released today.

Single-family housing starts reach a rate of 727,000 in November, increasing 20.8 percent from last month's figure of 602,000.

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