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U.S. home construction in 2012 highest in 4 years

By The Associated Press

This article was published January 17, 2013 at 11:08 a.m.

— U.S. builders started work on homes in December at the fastest pace in 4 1/2 years and finished 2012 as their best year for residential construction since the early stages of the housing crisis.

The Commerce Department said Thursday that builders broke ground on houses and apartments last month at a seasonally adjusted annual rate of 954,000.

That’s 12.1 percent higher than November’s annual rate. And it is nearly double the recession low reached in April 2009.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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