the U.S. government released the November housing starts report shows, the construction in November hit a year and a half high, and building permits data to record the highest since March 2010, mainly due to the market obvious increase in demand for rental apartments. The weak UWorld Steel Pipe .S. housing market today, the report can be said to bring a glimmer of hope.
U.S. Department of Commerce pointed out that the ring 11 a seasonally adjusted annualized new home construction of a substantial increase of 9.3 percent, to 685,000, which is the highest since April last year. According to the Bloomberg survey, economists on average expected 636,000. October housing starts, the amount released by 628,000 from a month ago lowered slightly to 627,000.
Compared with a year earlier, of housing starts in November, an increase of 24.3%. The November reading of the measure of future construction active building permits for 681 000, significantly higher than the average market forecast of 645,000 world pie network information . October building permits for 653 000.