Housing Starts Unexpectedly Rise to Four-Year High
Nov. 20 (Bloomberg) -- U.S. housing starts in October rose 3.6 percent to a 894,000 annual rate, the fastest since July 2008 and exceeding all estimates in a Bloomberg survey, Commerce Department figures showed today.
Building permits, a proxy for future construction, eased after surging the previous month. Sara Eisen reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)