Brazil housing starts jump 76% in November: report
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Sao Paulo
BRAZIL'S housing starts rose sharply in November in a sign that homebuilders are bullish on the prospects of the country's economy emerging from its worse recession on record, a real estate research report showed on Wednesday.
The widely followed Abrainc-Fipe index showed a 76.1 per cent jump in new home construction projects started in November, compared with the same month in 2015. In October, housing starts rose almost 26 per cent against the year-earlier month.
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