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Housing Starts Rise 8.2 Percent in November

Wednesday, December 19, 2001 - 8:00AM

Starts of new housing rose by 8.2 percent in November to a seasonally adjusted rated of 1.65 million units, the Commerce Department reported yesterday. Multifamily housing starts rose by more than 28 percent to 384,000 units - their highest rate since March of this year. The National Association of Home Builders (NAHB) credits the strong increase to optimism among builders, continuing low interest rates and better than average weather conditions.

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