US housing starts at 13-year high, factory output gains

US housing starts at 13-year high, factory output gains

Channel NewsAsia - Business·2020-01-18 06:00

U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.

FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson

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