Activity for single-family homes in the South were at the highest level in a decade, rising 16.6% from September
By Laura Kusisto and Sarah Chaney | The Wall Street Journal
U.S. housing starts rose last month to the highest level in a year, a sign that builders are getting back on track after hurricanes lashed the southeast and dampened residential construction activity in September.
Housing starts increased 13.7% in October from the previous month to a seasonally adjusted annual rate of 1.29 million, the Commerce Department said Friday. Residential building permits, which can signal how much construction is in the pipeline, jumped 5.9% to an annual pace of 1.297 million last month.