Housing starts jumped 6.5 percent in September amid continued strength in the multifamily sector. Housing is one area of the economy that can continue to improve even if the rest of the economy slows slightly.
Leap in Multifamily Starts, but Steady Gains for Single-Family Housing starts jumped 6.5 percent in September to a 1.21 million-unit pace, well above expectations. Moreover, starts for August were revised slightly higher. After housing starts had fallen in July and August, today’s report should help to allay concerns that the domestic expansion is faltering amid headwinds from overseas. Through the monthly volatility, the trend in housing remains upward. Over the third quarter, starts averaged 1.16 million units and are up 13.1 percent since Q3 2014. New Homes for Sales Corolla