U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month.
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Housing Starts Plunged 11.7% in October originally appeared on DailyFinance on Wed, 17 Nov 2010 11:18:00.
Filed Under: Economy, Real Estate