Raise the Roof: Housing Starts Spike in Surprising Reversal

Housing starts, which have been falling for most of this year, surprised many observers by rising significantly in August—though low building permit numbers are foreshadowing more rough times ahead. Up 12.2% overall, multifamily drove the increase with a 28.6% annualized jump since July, while single-family rose a modest 3.4%. Permits continued sinking, down 10% since…

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