Housing Starts Off to Fastest Pace in 4 Years

Housing construction rose 3.6 percent in October to a pace of 894,000 units — the most since July 2008 — the Commerce Department reports. Groundbreaking on new apartments rose 10 percent. Single-family starts slipped 0.2 percent. However, permits to build single-family homes — a gauge of future activity — surged to the highest level in more than four years. | Read More