Boom in Construction Promises Relief
Construction rebounded sharply, with builds climbing 8.5 percent, completions increasing 12.4 percent and permits rising 14.1 percent year-over-year. According to Commerce Department figures for October: Housing Starts: 1.31 million +3.8% month-over-month+8.5% year-over-yearMultifamily Starts: 362,000Single-Family Starts: 936,000 Building Permits: 1.46 million +5% month-over-month+14.1% year-over-yearMultifamily Permits: 505,500Single-Family Permits: 909,000 Completions: 1.26 million +10.3% month-over-month+12.4% year-over-yearMultifamily Completions: 354,000Single-Family Completions: 897,000 What...