STARTS RISE IN HOUSING BY 6.4%
Construction of new housing rose by 6.4 percent last month, rebounding from a two-month decline and putting such building activity 29 percent above the period a year ago, the Commerce Department said today. Work was started on new housing at an annual rate of 1.76 million units in November, compared with a rate of 1.65 million units in October, the department said. The new figures included gains for single-family homes and buildings with two to four units, and a decline for housing with five or more units.