
WASHINGTON, Dec. 19 (UPI) -- Residential construction starts fell 3 percent October to November, the U.S. Commerce Department said Wednesday.
Privately owned housing starts in the month came to 861,000 on a seasonally adjusted basis, down from a revised October figure of 888,000 housing starts.
Starts in November, however, were 21.6 percent higher than November 2011.
The department said housing permits for private projects rose to 899,000 in the month, up 3.6 percent from October and up 26.8 percent from the same month in 2011.
Residential project completions totaled 677,000, a 9.7 percent drop from October's revised figure of 750,000, the department said in a release issued jointly with the Department of Housing and Urban Development.
Housing completions were 16.1 percent above November 2011, when 583,000 home projects were completed.
|
|
|
|
|
|
| Additional Business News Stories | |
LONDON, May 20 (UPI) --
British investigators say they are "urgently reviewing" whether to join a European Union probe of three oil companies for alleged gasoline price-fixing.
|
TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption