[LESS INFO] 3 VIEWS | ADDED 14:54:27 12/20/11
US Housing Starts Rise to Highest Level in a Year
Dec. 20 (Bloomberg) -- Builders broke ground in November on the most houses in over a year, led by a three-year high on work in multifamily units. Starts increased 9.3 percent to a 685000 annual rate, the highest level since April 2010, Commerce Department figures showed today. Building permits, a proxy for future construction, also climbed to a more than one-year high. Michael McKee and Lisa Murphy report on Bloomberg Television's "In the Loop." (Source: Bloomberg) From: Bloomberg Views: 88 0 ratings Time: 01:40 More in Entertainment