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Housing to expand more as Dec starts hit 7-year high

Thursday, January 22, 2015 - 05:50

Housing starts increased 4.4% to a 1.09m annual rate in December, following the prior month's 1.04m pace that was higher than previously estimated, a Commerce Department report showed on Wednesday.


NEW residential construction in the United States rose more than forecast in December, capping the best year since 2007 and signalling the industry will probably keep expanding this year.

Housing starts increased 4.4 per cent to a 1.09 million annual rate, following the

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