US Home-building Dips, but Best Year Since 2007

By: Associated Press
By: Associated Press
U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.

MGN Online

WASHINGTON (AP) - U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.

The Commerce Department says builders broke ground last month at a seasonally annual rate of 999,000. That's 9.8 percent lower than November pace of 1.12 million, which was the fastest in five years.

For the year, builders started 923,000 homes and apartments, up 18.3 percent from 2013. It was the fourth straight annual gain and the strongest since 2007, when 1.36 million homes were started.
The housing market has been recovering steadily over the past year, helping boost economic growth at create jobs.

For December, the drop reflected declines in single-family homes and apartments.


KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 240789011 - kbtx.com/a?a=240789011
Gray Television, Inc.