Housing starts boom 13.7% in October

• November 17, 2017
• realestate
• Business & Markets, Real Estate, Real Estate Finance

The Commerce Department on Friday said October housing starts surged, rising 13.7% to a seasonally adjusted annual rate of 1.29 million. September estimate was revised to 1.135 million.

Economists polled expected a 1.2 million rate.

Building permits, a less volatile series, rose 5.9% to 1.3 million.