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U.S. Housing Starts Total 1.290 Million in Oct., vs. 1.185 Million Starts Expected

from Reuters via CNBC

U.S. home building jumped to a one-year high in October, likely as disruptions caused by recent hurricanes in the South faded and communities in the region started replacing houses damaged by flooding. Housing starts surged 13.7 percent to a seasonally adjusted annual rate of 1.29 million units, the Commerce Department said. That was the highest level since October 2016. September's sales pace was revised up to 1.135 million units from the previously reported 1.127 million units. more


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