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Housing starts rise as construction bolsters US economy

Wednesday, October 21, 2015 - 05:50

The increase in starts was mainly propelled by gains in work on multifamily homes, such as apartment buildings, which rose 18.3 per cent to a 466,000 pace. The advance highlights increasing demand for rentals.


NEW-HOME construction in the US climbed in September, a sign residential real estate will bolster the world's largest economy.

Housing starts rose 6.5 per cent to a 1.21 million annualised rate, more than forecast and the second-highest level in eight years, figures from

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