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Thursday, June 20, 2024
HomeNewsEconomyHousing Starts Beat Out Expectations in September

Housing Starts Beat Out Expectations in September


(Photo: Reuters)

The Commerce Department reports housing starts, or new home construction rose 6.5% in September to an annualized rate of 1.206 million units, above expectations for a rise to 1.150 million units. Permits to build new homes, meanwhile, declined 5% to an annualized rate of 1.103 million units, compared to expectations for a gain to 1.164 million units.

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