Home construction rebounded in November from a big drop, rising more than expected as builders cautiously respond to recovering demand for new houses. The Commerce Department report also said building permits, single-family groundbreakings and apartment construction increased."The housing data is the most important as the inflation data is so volatile," said Ben Halliburton, chief investment officer for Tradition Capital Management. "And it does seem like housing is bottoming out here, which means that market is no longer a drag after it had been for three years."
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