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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Home building up in November

 

Home construction increases in November. Photo courtesy of CNN. 

Chris Isidore

NEW YORK (CNNMoney) -- Builders rushed to start homes in November, with that key measure of the housing recovery enjoying a huge one-month jump.

Housing starts grew at an annual pace of 1.09 million, up nearly 30% from a year ago. The issuance of building permits was also strong, up 7%.

Still the pace of housing starts was less than half of the peak levels during the housing boom in the middle of last decade, and was even 25% below the monthly average over the course of the last 50 years.

"Because of this, the impressive acceleration in residential investment which has occurred in 2013 should extend through 2014," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank, in a note Wednesday.

A survey by the National Association of Home Builders released Tuesday showed builders reporting the best sales conditions for single family homes in eight years.

The recovery in the housing market has been one of the key areas of strength in the U.S. economy. Years of low levels of home building since the bursting of the housing bubble have left the nation with a tight supply of new homes for sale.

A strong improvement in home prices and a drop in unemployment and home foreclosures have combined to drive a rebound in demand for homes.

Mortgage rates have been rising steadily for months since hitting a record low in the spring. That has also increased demand as potential buyers look to make a purchase before rates go higher.

"Collectively, the starts and permits figures suggest that the housing sector is not being impinged by higher mortgage rates," said LaVorgna. "While affordability has declined somewhat due to rising rates and increasing home prices, it is still extremely high relative to history. In fact, housing affordability is higher now than at any point from 1971 to 2007."

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What was the message of the midterm elections?