Building Permits Hit 6-Year High
October housing starts at 1,009,000 annual pace
Nov. 19, 2014
By ANDREW KHOURI Los Angeles Times (Tribune News Service)
New U.S. home construction fell unexpectedly in October, but a surge in future building plans suggested a wobbly housing recovery found firmer footing.
Building permits, a gauge of future construction, hit a six-year high last month, climbing 4.8 percent from September to a seasonally adjusted annual rate of 1,080,000.