US: Housing Starts Rose by 11.8% in November

Housing Starts in the US rose by 11.8% on a monthly basis in November after falling at a 3.1% rate in October, data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Thursday. That lifted the 12-month rolling number of Housing Starts to 1.679M in November, up from 1.502M in October and above expectations for a 1.568M reading.