U.S. homebuilding grows in November

The U.S. Census Bureau reports that November housing starts were at a seasonally adjusted annual rate of 1.68 million units. That was up 11.8 percent from the previous month and 8.3 percent from November 2020. The pace of single-family starts rose 11.3 percent from October to 1.17 million units. The SAAR of building permits was 1.71 million units.