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HOUSING STARTS RISE 8%

By Dale Funk, Contributing Editor

Jan 1, 2002 12:00 PM

Privately owned housing starts in November came in at a seasonally adjusted annual rate of 1,645,000, 8 percent above the revised October estimate of 1,521,000 and 6 percent above the same month a year ago, according to the U.S. Bureau of the Census.

Single-family housing starts nationwide in November were at a rate of 1,261,000, which is 3 percent above the revised October figure of 1,222,000. The November estimate for multi-unit buildings of five or more units was 346,000.


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