Single-Family Housing Starts in U.S. Rise Along With Permits
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Groundbreaking for single-family homes climbed in October and permits for all future projects reached a six-year high to signal construction will add to U.S. economic growth in early 2015.
Starts of one-family houses advanced 4.2 percent to a 696,000 annualized rate last month, the most since November 2013, Commerce Department figures showed today in Washington. A drop in the construction of apartments pushed total starts down 2.8 percent to a 1.01 million pace.