Housing starts hovering near 4-year high

Builder confidence rises for 8th consecutive month

U.S. housing starts continued a steady 2012 year-over-year upswing in November, hovering at a level not seen since 2008, according to the latest numbers from the U.S. Census Bureau.

At a seasonally adjusted annual rate of 861,000, housing starts dipped 3 percent from October to November, but were up 21.6 percent from a year ago.