South East Real Estate and Home issued the following announcement on Oct. 20.
U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 million in September, representing a 1.9% increase from the previous month’s downwardly-revised figure, the U.S. Census Bureau reported Tuesday. Compared with last year, housing starts were up 11%.
Permitting for new homes occurred at a seasonally-adjusted annual rate of 1.55 million, up more than 5% from August and 8% from a year ago.
Economists polled by MarketWatch had expected housing starts to occur at a pace of 1.45 million and building permits to come in at a pace of 1.52 million.
Original source can be found here.
Source: South East Real Estate and Home
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