Housing starts and permits increased in October as total starts rose by 3.8 percent and permits for future construction rose 5.0 percent. Total housing starts increased to a 1.314 million annual rate from a 1.266 million pace in September. The dominant single-family segment, which accounts for about three-fourths of new home construction, rose 2.0 percent for the month to a rate of 936,000 units, marking the fifth gain in a row (see chart). From a year ago, total starts are up 8.5 percent while single-family starts are up 8.2 percent.
Read more here: https://www.aier.org/article/housing-starts-and-permits-gain-in-october/
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