By Jann Swanson | Mortgage News Daily
October was a mixed month for new residential construction data. More permits were issued than in September but housing starts and completions were both down. September numbers for permits and housing starts were upgraded slightly from original estimates while the completions number was revised down.
Permits for construction of privately owned housing units were issued at a seasonally adjusted annual rate of 1.080,000. This was an increase of 4.8 percent from the revised (from 1,018,000) September estimate of 1,031,000 permits and 1.2 percent higher than the October 2013 rate of 1,067,000.
