Property News · November 18, 2016

Housing starts in US surge to a nine-year peak in October


US new-home construction jumped to a nine-year high in October as an outsized advance in the number of apartment projects accompanied a strong pickup for single-family housing.
Residential starts surged 25.5 per cent to a 1.32 million annualised rate, the fastest since August 2007 and exceeding the highest projection in a Bloomberg survey, a Commerce Department report showed Thursday. The increase from September was the biggest since July 1982. Multifamily-home building was up a whopping 68.8…

Source : South China Morning Post
Read more…Housing starts in US surge to a nine-year peak in October

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