Markets - Market News
December Housing Starts Jump 12.1%; Permits Rise 0.3%
Thursday, January 17, 2013
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Housing starts soared 12.1% to a seasonally adjusted annual rate of 954,000 in December from a revised estimate of 851,000 the previous month, the Commerce Department reported Thursday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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