US Home Construction Hits Highest Pace In 5 Years - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

US Home Construction Hits Highest Pace In 5 Years

Posted: Updated:
WASHINGTON (AP) - U.S. builders broke ground on homes at the fastest pace in more than five years, evidence the housing recovery is accelerating despite higher mortgage rates.
    
The Commerce Department says developers began construction on houses and apartments in November at a seasonally adjusted annual rate of 1.09 million. That's the fastest pace since February 2008, just a few months after the recession began.
    
Construction of single-family homes jumped 21 percent to an annual pace of 727,000, also the highest in more than five years. Apartment construction soared 26 percent to a 354,000 annual pace.
    
Permits for future building slipped 3 percent to just over 1 million, down from 1.04 million in October. The drop reflected a decline in apartments, which can be volatile. Permits for single-family homes rose.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

HD DOPPLER 6i
/
  • National NewsMore>>

  • The Latest: Shooting survivors want more armed security

    The Latest: Shooting survivors want more armed security

    Thursday, May 24 2018 11:42 PM EDT2018-05-25 03:42:36 GMT
    MSNBCMSNBC
    MSNBCMSNBC

    AUSTIN, Tex. (AP) - The Latest on meetings being held by Texas Gov. Greg Abbott following the mass shooting at a high school near Houston (all times local): 6:50 p.m. Several students who survived last week's school shooting at a Texas high school told Gov. Greg Abbott they want more armed security and armed teachers to help prevent future attacks. Metal detectors outside schools and better mental health services and counseling were also brought up during the...

    More >>

    AUSTIN, Tex. (AP) - The Latest on meetings being held by Texas Gov. Greg Abbott following the mass shooting at a high school near Houston (all times local): 6:50 p.m. Several students who survived last week's school shooting at a Texas high school told Gov. Greg Abbott they want more armed security and armed teachers to help prevent future attacks. Metal detectors outside schools and better mental health services and counseling were also brought up during the...

    More >>
  • 30-year-old man evicted from parents' New York home must leave by June 1

    30-year-old man evicted from parents' New York home must leave by June 1

    Thursday, May 24 2018 7:37 PM EDT2018-05-24 23:37:51 GMT
    NBC NewsNBC News
    NBC NewsNBC News

    SYRACUSE, N.Y. (AP) - A court order says a 30-year-old upstate New York man who was evicted from his parents' house must move out by noon on June 1. State Supreme Court Justice Donald Greenwood signed the order on Thursday. It sets a hard deadline for Michael Rotondo to peacefully leave his parents' home in Camillus (kuh-MIHL'-us) before county sheriffs can be called in to forcibly remove him. Rotondo had asked for at least 30 days to leave, arguing for a full ...

    More >>

    SYRACUSE, N.Y. (AP) - A court order says a 30-year-old upstate New York man who was evicted from his parents' house must move out by noon on June 1. State Supreme Court Justice Donald Greenwood signed the order on Thursday. It sets a hard deadline for Michael Rotondo to peacefully leave his parents' home in Camillus (kuh-MIHL'-us) before county sheriffs can be called in to forcibly remove him. Rotondo had asked for at least 30 days to leave, arguing for a full ...

    More >>
  • Missouri teen barred from graduation after school sale prank

    Missouri teen barred from graduation after school sale prank

    Thursday, May 24 2018 7:31 PM EDT2018-05-24 23:31:38 GMT

    INDEPENDENCE, Mo. (AP) - An 18-year-old who put his suburban Kansas City high school for sale on Craigslist has been banned from graduation after the senior prank went awry.  The Kansas City Star reports Kylan Scheele listed Truman High School in Independence, Missouri, for the bargain price of $12,275 last week. Problems arose when someone reported the posting as a possible threat because of Scheele's choice of wording.  He wrote that the reason for the sale 

    More >>

    INDEPENDENCE, Mo. (AP) - An 18-year-old who put his suburban Kansas City high school for sale on Craigslist has been banned from graduation after the senior prank went awry.  The Kansas City Star reports Kylan Scheele listed Truman High School in Independence, Missouri, for the bargain price of $12,275 last week. Problems arose when someone reported the posting as a possible threat because of Scheele's choice of wording.  He wrote that the reason for the sale 

    More >>