US home building permits rise more than expected in November
![US home building permits rise more than expected in November](https://fxnewsy.com/imagecache/original/images/4N8FXMI4vyFWp1BDp2WuUvdgkrtAawkKmmCwkykU.jpeg)
Home building Permits in the United States increased more than expected in November, and future home building permits rose to their highest level in 12 and a half years as mortgage rates continued to decline to boost the housing market and support the broader economy and the Commerce Department said housing starts rose 3.2% to A seasonal annual rate of 1.365 million units last month, with construction work for one family rising to its highest level in 10 months and activity in the multi-volatile family sector for the second month in a row, as October data was revised up to show the rise in house construction to 1.323 million units instead Progress from 1.314 million units as previously reported, housing increased by 13.6% year on year in November and building permits increased 1.4% to 1.482 million units in November, the highest level since May 2007.