Single-family housing starts edged up by nearly 1% in November as builders continue see strong demand for new homes.The U.S. Commerce Department reported that single-family starts rose from a seasonally adjusted annual rate of 1.38 million in October to 1.39 million in November. (The department revised the October number upward from 1.35 million.) National Association of Home Builders economists project that single-family starts will end the year at 1.35 million units and that starts will decline by only 3% next year. Meanwhile, the Commerce Department reported that multifamily starts rose 12% to 278,00 units in November. The Commerce Department can be found online at http://www.doc.gov.
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