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Sunday October 17th, 2021 12:26AM

Home construction up 4.9% in October

By The Associated Press
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CHARLOTTE, N.C. (AP) — The number of newly issued permits to build fresh housing remained steady in October.

Housing starts rose 4.9%, and are up 14% higher than a year ago, the Commerce Department reported Wednesday, to an annualized rate of 1.53 million.

Building permits remained at a seasonally adjusted rate of 1.55 million annualized units, effectively unchanged from September. The figure remains up 2.8% from a year earlier, showing how strong the housing market did over the summer despite the pandemic.

  • Associated Categories: Associated Press (AP), AP Business
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