Permits, an indication of builder confidence in future home building prospects, fell 2.7 percent to 1.725 million units last month.
Ground breaking for new homes climbed to a seasonally adjusted annual rate of 1.697 million units last month from an upwardly revised 1.657 million rate in October. The increase was ahead of the expectations of some analysts.
.jpg?height=200&t=1729672015&width=200 "nahb-logo (1).jpg"){kind=logo}