U.S. housing starts rise 3.8% in October
First American | November 19, 2019
Housing starts rose 3.8% in October to a seasonally adjusted annual rate of 1.314 million and the pace for September was revised upward, according to the Department of Housing and Urban Development and the Department of Commerce. While household construction is on the rise, Mark Fleming, First American’s chief economist, said homebuilders are yet to construct enough homes to meet demand.