U.S. Home Construction Climbs to a 4-Year High

Housing starts jumped 15 percent to an annualized rate of 872,000 units in September, reports the Commerce Department. Single-family building climbed 11 percent to the fastest pace in four years, while new apartment projects surged 25.1 percent. Historically low mortgage interest, steady price appreciation, and a short supply of resale homes have fueled the gains in residential construction. | Read More