Construction of new single-family homes rose 2.1% from October to November at a seasonally adjusted annual rate of 482,000, a sign that housing construction might finally be on firm footing.

When compared to November 2008 the gain is even more impressive: 5.5%. According to figures released Wednesday morning by the U.S. Census Bureau and Department of Housing and Urban Development, all housing starts (single- and multifamily) rose by 8.9% in November from October to 574,000 units.

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