Housing starts hit a five-month high in September, despite expectations that they’d fall. According to a report from the U.S. Census Bureau and the Department of Housing and Urban Development, housing starts were up 0.3 percent from August and 4.1 percent above last September’s levels. But despite the unexpected jump, building permits for future construction fell 5.6 percent because of a 20.2 percent drop in permits for multi-family units. Permits for single-family homes rose 0.5 percent. More here and here.
Theresa Springer’s Blog
Housing Starts Up Unexpectedly In September
October 19, 2010
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