Tag Archives: Housing starts slow after strong gains

New home starts on private residences fell 3% from October to November, the U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday. Yet, analysts with Econoday, while noting the slowdown, say the November slowing in housing starts is “a minor pullback after strong gains the prior two months.” Starts in November came in at an annual rate of 861,000 units, which is 3% below the October estimate of 888,000 starts. Still, that figure is 21.6% above the November 2011 rate of 708,000 units. Comparatively, the nation […]