US homebuilding dips, but year best since ’07

Published



WASHINGTON (AP) — U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.

The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That’s 9.8 percent lower than November’s pace of 1.12 million, which was the fastest in five years.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.