Housing Starts and Permits Gain in October

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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