» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 38 | NO. 3 | Friday, January 17, 2014

US homebuilding dips, but year best since '07

Print | Front Page | Email this story

WASHINGTON (AP) — U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.

The Commerce Department says builders broke ground last month at a seasonally annual rate of 999,000. That's 9.8 percent lower than November pace of 1.12 million, which was the fastest in five years.

For the year, builders started 923,000 homes and apartments, up 18.3 percent from 2013. It was the fourth straight annual gain and the strongest since 2007, when 1.36 million homes were started.

The housing market has been recovering steadily over the past year, helping boost economic growth at create jobs.

For December, the drop reflected declines in single-family homes and apartments.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0