Single-family housing rises to more than year-and-a-half high in US

WASHINGTON D.C.: A report from the Commerce Department this week showed that due to declining mortgage rates and incentives from builders likely to draw potential buyers back into the housing market, single-family family homebuilding in the U.S. rose to more than a year-and-a-half high in November and could gain further momentum.

The report also showed that in November, permits for the future construction of sin