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Housing Starts Climb to Highest Rate Since June 2008

By Aggregated Content in economic news on January 17, 2013 from http://www.reuters.com/article/2013/01/17/usa-economy-housing-idUSL1E9CGIB720130117?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

Groundbreaking to build new U.S. homes accelerated in December to its fastest pace in over four years, supporting the view that housing is poised to provide a substantial boost to the U.S. economy.

The Commerce Department said on Thursday that starts at building sites for homes surged 12.1 percent last month to a 954,000-unit annual rate.

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