US home construction hits highest pace in 5 years

In this Thursday, Nov. 14, 2013 photo, construction continues on a new single family home in Mount Lebanon, Pa. The Commerce Department reports the pace at which builders broke ground on homes in November on Wednesday, Dec. 18, 2013. (AP Photo/Gene J. Puskar)WASHINGTON (AP) — U.S. builders broke ground on homes at the fastest pace in more than five years, strong evidence that the housing recovery is accelerating despite higher mortgage rates.



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