Up 15% from the previous month.
According to a report from
Channel News, housing starts in September increased to a seasonally
adjusted annual rate of 872,000, up 15% from August. The pace of residential
construction was the highest since July 2008, and up 34.8% over the same figure
Single-family starts also
increased double digits - up 11% to a rate of 603,000.
Building permits in
September were at a seasonally adjusted annual rate of 894,000, up 11.6% above
the revised August rate of 801,000. Permits were up 45.1% over the September
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Housing starts surge in September
October 18, 2012