Steel Markets
November 17, 2017
Housing Starts Surge in October
Written by Sandy Williams
Housing starts leapt 13.7 percent from September to October, rising to a seasonally adjusted rate of 1.290 million and beating economists’ estimates. Single-family housing starts increased 5.3 percent, while housing of five units or more jumped 37.4 percent, reported the Commerce Department.
Data shows the South rebuilding after the devastation of the dual hurricanes earlier this year. After declining in September, starts jumped 17.2 percent in the region and permit authorizations 3 percent.
