US Housing Starts Slide 3.1% as Hurricanes Impact South Region
- New construction declined to 1.31 million rate in October
- Permits for one-family home construction highest since April
This article is for subscribers only.
US housing starts declined in October to the slowest pace in three months as hurricanes exacerbated an easing in construction activity more generally.
Housing starts decreased 3.1% last month to a 1.31 million annualized rate, reflecting a steep decline in the South, according to government data released Tuesday.