Housing Starts Hit Five Month High In September

10.19.10 | FL News Team

(Washington, DC)  --  U.S. housing starts hit a five-month high last month.  However, permits for future home building declined.  The Commerce Deparment said housing starts rose three-tenths of a percent to an annual adjusted rate of 610-thousand units.  Economists had expected the number to slip.

Compared to one year ago, housing starts were up four-point-one percent.  Analysts said the data did not alter the view that the Federal Reserve will ease monetary policy further when it meets on November 2nd.