Housing starts shot higher by 9.3% in November, according to Commerce Department data, climbing to the highest level of the year.On a seasonally adjusted basis, starts increased to 685,000 from 627,000 for October, which was revised downward 1,000.  November housing starts are up 24.3% from 551,000 a year earlier.Analysts polled by Econoday expected housing starts to come in at 636,000 for November with a range of estimates between 600,000 and 650,000.In a joint release, the Census Bureau and Department of Housing and Urban Development said single-family starts rose 2.3% last month to a seasonally adjusted rate of 447,000 units, up from a revised 428,000 for October.Starts dropped 22.5% in February, which was the largest monthly decline since March 1984, but picked up momentum throughout the summer. November's rate is the highest since April 2010.Building permits in November climbed 5.7% to an annual rate of 681,000, up from a revised 644,000 for the prior month and nearly 21% higher than 564,000 a year earlier.Click here to get loan informationbefore the rates go up. To get started on viewing homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO's) or thinking of selling your property, please contact me today for free counseling at (619) 540-5811.New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to www.CountyProperties.net/ and I’ll be happy to follow up and take great care of them.

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