NEWS Desk Global
US SINGLE-FAMILY HOUSING STARTS SURGE
U.S. single-family homebuilding rebounded in November as the drag from hurricanes faded, but the threat of tariffs on imported goods and potential labor shortages from mass deportations of immigrants could hamper new construction next year.
The Commerce Department on Wednesday showed only a slight increase last month in permits for the future construction of single-family homes, suggesting that residential investment will probably remain a drag on economic growth in the fourth quarter.
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