Housing Starts Cool In October

The robust housing market showed early signs of cooling off in October as the pace of new-home construction and the issuance of building permits both declined, according to Commerce Department figures.

Total housing starts were down 5.6 percent for the month to a seasonally adjusted annual rate of 2.014 million units. The October pace was 2.3 percent below a year earlier, but starts were up by 5.3 percent on a year-to-date basis.

Single-family home construction dipped 3.7 perc

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