Building Permits Jump, Signal Construction Gains

  

U.S. building permits unexpectedly jumped last month, signaling gains in housing will be sustained into 2010 after winter weather depressed construction at the end of last year.

Applications rose 11 percent to a 653,000 annual rate in December, the most since October 2008, the Commerce Department said this weekin Washington. Work began on houses at a 557,000 pace, down 4 percent from November.

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