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The U.S. Commerce Department released the housing market data today. Housing starts in the U.S. climbed 6.3% to 1.017 million annualized rate in September from a 957,000 pace in August, in line with expectations. August's figure was revised up from 956,000 units.
Building permits in the U.S. increased 1.5% to 1.018 million annualized rate in September from a 1.00 pace in August, missing expectations for a rise to 1.04 million units.
The construction of single-family homes rose only 1.1% in September. Building permits for single-family homes fell 0.5% in September.
Construction of multifamily buildings jumped 16.7% in September.
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