Apartment construction spurs 9.3 pct. jump in housing starts, but level remains low

WASHINGTON — A surge in apartment construction gave home builders more work in November. And permits, a gauge of future construction rose, spurred by a jump in apartment permits.

The rise in permits provides hope for the housing market, though 2011 is still shaping up as one of the worst years in history for homebuilders.

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Rosalind S. Helderman, Paul Kane, Felicia Sonmez 20 Dec, 2011


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