You are here

LATEST US DATA

Housing starts in surprise October drop

But jump in permits to near 6-1/2-year high is an indication housing market is regaining strength
Thursday, November 20, 2014 - 05:50

Washington

US housing starts unexpectedly fell in October, but a jump in permits to near a 61/2-year high suggested the housing market was steadily regaining strength.

Groundbreaking slipped 2.8 per cent to a seasonally adjusted annual 1.009 million-unit pace, the Commerce