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Home builders enjoy best year since 1986
The Commerce Department reports December housing starts rose 5 percent to an annual 1.84 million units, the strongest pace since June 1986, with 2002 totaling 1.70 million units a 6.4 percent rise. Single family starts hit 1.36 million, the best since 1978, aided by mortgage rates near four-decade lows.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Holland
David Seiders
National Association of Home Builders
Seiders
Freddie Mac