US home construction rose again in October following September’s strong surge, the Commerce Department said Tuesday in a further sign of recovery in the housing market. Housing starts rose 3.6 percent from October, surprising analysts who had expected a fall after the big September jump. The government…
housing market, new building permits, housing starts, multi-family units, single-family homes, big september jump, overall housing starts, September growth estimate, percent rise, percent drop, BMO Capital Markets, strong surge, surprising analysts, October gain, strongest pace, Commerce Department, volatile month-over-month, 12-month basis, hottest pace, homebuilder confidence, home construction, overwhelming trend, household formation, future activity, highest level, recovery mode, big way, Robert Kavcic, New construction
US home building up again in October (via AFP)