Housing starts rise as construction bolsters US economy
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
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 the Commerce Department showed Tuesday in Washington. A drop in building permits indicates the rebound will be slow to materialise.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
