U.S. Housing Starts Jump More Than Expected, Building Permits Reach 12-Year High

New residential construction in the U.S. soared by more than expected in the month of November, according to a report released by the Commerce Department on Tuesday. The report said housing starts surged up by 3.2 percent to an annual rate of 1.365 million in November after spiking by 4.5 percent to a revised 1.323 million in October.Original Article