Housing starts rose 11.3 per cent in December to a 1.23 million annualised rate (forecast was 1.19 million) from a revised 1.1 million pace in November. Photo: AFP

US housing starts beat forecasts in December

Jump in apartment construction helps cap the seventh consecutive annual increase

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Housing starts rose 11.3 per cent in December to a 1.23 million annualised rate (forecast was 1.19 million) from a revised 1.1 million pace in November. Photo: AFP
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