Housing starts for September climbed 6.3 percent to a 1.02 million annualized rate from a 957,000 pace in August, the U.S. Commerce Department reported Friday.
October 17, 2014 at 11:00 AM
1 minute read
Work began on more U.S. homes in September, indicating gains in residential construction will help bolster economic growth.
Housing starts climbed 6.3 percent to a 1.02 million annualized rate from a 957,000 pace in August, the U.S. Commerce Department reported Friday. The reading was in line with the median estimate of economists surveyed by Bloomberg, which projected 1 million. Work increased on multifamily and one-family homes.
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