U.S. Housing starts rose last month to the highest level in a year, a sign that builders are getting back on track after hurricanes lashed the Southeast and damped residential construction activity in September.
Housing starts increased 13.7% in October from the previous month to a seasonally adjusted annual rate of 1.29 million.
Residential building permits, which can signal how much construction is in the pipeline, jumped 5.9% to an annual pace of 1.297 million last month.
Source: Commerce Department, November 17, 2017.
