US: Housing Starts to Increase by 4.9% in October, Building Permits Stay Unchanged

Housing Starts in the US rose by 4.9% on a monthly basis in October following September’s increase of 6.3% (revised from 1.9%), the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

Further details of the publication revealed that Building Permits stayed unchanged in the same period after advancing by 4.7% (revised from 5.2%) in September.