Industry NewsMarkets & Economy

Housing starts rise for 3rd straight month

Multifamily starts jump 114% year-over-year
Published on Oct 19, 2010

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

Homebuilders broke ground on more new homes in September for the third straight month, according to a report by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD).

Private housing starts hit a seasonally adjusted annual rate of 610,000 last month -- the highest level in five months and a 28 percent gain from the lowest level ever recorded by the Census Bureau: a rate of 477,000 in April 2009.