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US housing starts jump 3.2% in November

U.S. private housing starts rose to a seasonally adjusted annual rate of 1,256,000 in November, up 3.2% from the revised October estimate of 1,217,000, but down 3.6% from the November 2017 rate of 1,303,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development.

Single-family housing completions came to 772,000 in November, 5.4% lower than the revised October rate of 816,000, with the rate for units in buildings with five or more units at 314,000.

Private housing starts authorized by building permits were at a seasonally adjusted annual rate of 1,328,000 in November, 5% higher than the 1,265,000 revised rate for October and 0.4% above the 1,323,000 rate for November 2017.

Single-family authorizations inched up to 848,000 in November, from 847,000 in October, while authorizations of buildings with five or more units totaled 441,000.