Pursuits
Housing Starts Rise as Construction Underpins U.S. Economy
Is U.S. Housing Finally on Solid Ground?
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New-home construction in the U.S. climbed in September, a sign residential real estate will bolster the world’s largest economy.
Housing starts increased 6.5 percent to a 1.21 million annualized rate, more than forecast and the second-highest level in eight years, figures from the Commerce Department showed Tuesday in Washington. A drop in building permits indicates the rebound will be slow to materialize.