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Homebuilders Finish Best Year for Housing Starts Since 2007

By Tory Barringer

Builders broke ground on new residences at a seasonally adjusted annual rate of 1.09 million in December, an increase of 4.4 percent month-over-month and 5.3 percent year-over-year, the Commerce Department reported Wednesday. For the entire year, the government estimates homebuilders started on 1.01 million new units, making 2014 the first year since 2007 that starts topped the 1 million mark.

The post Homebuilders Finish Best Year for Housing Starts Since 2007 appeared first on theMReport.com.

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