The Commerce Department released a report on Wednesday showing an unexpected decrease in new residential construction in the U.S. in the month of October, although the report also showed a bigger than expected spike in building permits.
The report showed housing starts slid by 0.7 percent to an annual rate of 1.520 million in October after tumbling by 2.7 percent to a revised rate of 1.530 million in September.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com