Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,323,000, which is 25.5% above the revised September estimate of 1,054,000 and is 23.3% above the October 2015 rate of 1,073,000. Single-family housing starts in October were at a rate of 869,000. This is 10.7% above the revised September figure of 785,000. The October rate for units in buildings with five units or more was 445,000.
Don Leavens, chief economist of the National Electrical Ma
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