U.S. home con­struc­tion fell in Novem­ber.

The Denver Post - - BUSINESS -

Builders pulled back on con­struct­ing homes in Novem­ber, af­ter ground break­ings surged in Oc­to­ber to the strong­est pace in more than nine years.

Hous­ing starts fell 18.7 per­cent last month to a sea­son­ally ad­justed 1.09 mil­lion, the Com­merce De­part­ment said Fri­day. The de­cline likely re­flected a nat­u­ral re­gres­sion af­ter home con­struc­tion soared 27 per­cent to 1.34 mil­lion homes in Oc­to­ber, the high­est level since July 2007. The As­so­ci­ated Press

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