US housing starts rise more than expected, with permits at a 12-1/2-year high

[m.knox]

More good news for the left to choke on.

https://www.cnbc.com/2019/12/17/us-housing-starts-building-permits-november-2019.html

• U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high.
• Lower mortgage rates continued to boost the housing market and support the broader economy.
• Housing starts rose 3.2% to 1.365 million units last month, with single-family construction racing to a 10-month high.
• Activity in the volatile multifamily sector increased for a second straight month, the Commerce Department said.