Brocker.Org: US housing begins rebound strongly in December

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U.S. homebuilding rebounded much more than envisioned in December, suggesting that the housing market contributed to economic expansion in the fourth quarter.

Housing begins jumped eleven.three per cent to a seasonally adjusted annual price of one.23 million models previous month, the Commerce Department said on Thursday. November’s begins had been revised up to a one.ten million-device price from the beforehand reported one.09 million-device rate.

Economists polled by Reuters had forecast housing begins increasing to a one.twenty million-device price in December.

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