Morning Minute: Housing starts jump in November to highest level in five years

Good news on the home construction front — housing starts jumped 22.7 percent in November to the highest levels since February 2008, according to the latest Commerce Department data. At the same time, home builder confidence rose four points in December, the National Association of Home Builders reports.

From today’s Reuters article, “Robust housing data point to strengthening economy:

The housing starts data was the latest indication the economy was strengthening, with employment rising solidly in October and November, and retail sales and industrial production exceeding expectations last month.

In other headlines:

U.S. Housing Starts Jump to Highest Level in Five Years – Bloomberg

Nov. housing starts highest since Feb. 2008 – USA Today

ADM announces it is moving headquarters to Chicago – Chicago Tribune

HARP refinances fall amid rising rates – HousingWire

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.