United States single-family real estate starts, allows increase to 10-month high
By Lucia Mutikani WASHINGTON (Reuters) - U.S. single-family homebuilding increased to a 10-month high in December, suggesting some enhancement in real estate activity at the end of the year, though increasing home loan rates and an oversupply of brand-new residential or commercial properties on the marketplace might constrain healing. The report from the Commerce Department on Friday likewise revealed authorizations for future building and construction of single-family homes increasing last month to the greatest level because last February. Financial experts stated the information was most likely flattered by a generous seasonal change element, the design utilized by the federal government to remove out seasonal variations from the numbers. Still, the report together with other news on Fri...