A new-home development in Canonsburg, Pa. Most of last month’s gain was driven by a surge in apartment building.
(Gene J. Puskar/Associated Press)
Housing starts up 15% in September
A new-home development in Canonsburg, Pa. Most of last month’s gain was driven by a surge in apartment building.
(Gene J. Puskar/Associated Press)
Home builders started projects in September at the fastest pace in 17 months, a hopeful sign for the economy. Most of the gain was driven by a surge in volatile apartment construction. That could help create jobs and boost economic growth, but it doesn’t signal a comeback for the depressed housing market.
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