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Housing start-ups fall 3% in month

By CHRISTOPHER S. RUGABER THE ASSOCIATED PRESS

Posted: December 20, 2012 at 3:46 a.m.

Credit: AP
 In this Friday, Nov. 16, 2012, photo, construction worker Elabert Salazar works on a house frame for a new home in Chula Vista, Calif. U.S. builders broke ground on fewer homes in November after starting work in October at the fastest pace in four years. Superstorm Sandy likely slowed starts in the Northeast. The Commerce Department said Wednesday, Dec. 19, 2012, that builders began construction of houses and apartments at a seasonally adjusted annual rate of 861,000. That was 3 percent less than October's annual rate of 888,000, the fastest since July 2008. (AP Photo/Gregory Bull)

U.S. builders broke ground on fewer homes in November after starting work in October at the fastest pace in four years. Hurricane Sandy likely slowed starts in the Northeast.

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Business, Pages 25 on 12/20/2012

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