U.S. housing starts rebound in September

October 20, 2020, 8:37 AM·1 min read

WASHINGTON, Oct 20 (Reuters) – U.S. homebuilding rebounded in September as the housing market continued to be the star of the economic recovery, driven by record-low interest rates and a migration to the suburbs and low-density areas in search of more room for home offices and schooling.

Housing starts increased 1.9% to a seasonally adjusted annual rate of 1.415 million units last month, the Commerce Department said on Tuesday. Data for August was revised down to a 1.388 million-unit pace from the previously reported 1.416 million.

Economists polled by Reuters had forecast starts increasing to a rate of 1.457 million units in September. (Reporting By Lucia Mutikani; Editing by Andrea Ricci)

Related Posts

  1. Existing home sales bounce back in June, as home prices continue to rise
  2. Brand Report: July Home Sales Jump 8.7% Despite Low Inventory, Ending Recent Skid
  3. U.S. Housing Market Zooms Into October
  4. NAR: Home Prices Increased Across Most Metro Areas in Second Quarter
  5. More homes for sale will see price declines in coming weeks, Redfin said

Tags: ,

Leave a Reply