U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high as lower mortgage rates continue to boost the housing market and support the broader economy.<br /><br />Housing starts rose 3.2% to a seasonally adjusted annual rate of 1.365 million units last month, with single-family construction racing to a 10-month high and activity in the volatile multifamily sector increasing for a second straight month, the Commerce Department said on Tuesday.<br /><br />Data for October was revised higher to show homebuilding rising to a pace of 1.323 million units, instead of advancing to a rate of 1.314 million units as previously reported.<br /><br />Economists polled by Reuters had forecast housing starts increasing to a pace of 1.345 million units in November.<br /><br />Housing starts jumped 13.6% on a year-on-year basis in November. Building permits increased 1.4% to a rate of 1.482 million units in November, the highest level since May 2007.<br /><br />-~-~~-~~~-~~-~-<br />Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset" <br /><a href="https://www.youtube.com/watch?v=D3SCIZ0zge4" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=D3SCIZ0zge4</a><br />-~-~~-~~~-~~-~-<br />...<br /><a href="https://www.youtube.com/watch?v=pZw2iwjRDG8" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=pZw2iwjRDG8</a>