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November Home Construction Improves After Sliding in October

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A big jump in apartment construction in the Midwest and South boosted the pace of homebuilding in November, marking a solid bounce back after tumbling in October. Construction of single-family houses also increased and reached an eight-year high. The Commerce Department said Wednesday that total housing starts -- both houses and apartments -- climbed 10.5 percent last month to a seasonally adjusted annual rate of 1.17 million homes. The increase reversed much of the drop in starts...

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