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Coming up: Housing starts in November
WASHINGTON (MarketWatch) -- Economists forecast that construction on new U.S. homes hit a seasonally adjusted annual rate of 963,000 in November, which would reach near a recent peak rate of more than 1 million in March, according to a survey by MarketWatch. Although rising mortgage rates have curbed some activity, economists say builders and buyers are becoming accustomed to the new price environment, and expect demand to extend the housing market's recovery. Also Wednesday, the U.S. Department of Commerce government will report the housing data for September and October that had been delayed by the government shutdown. The Commerce Department will release the home-construction report at 8:30 a.m.
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