News In Brief

New home starts rebounded 8.9% last month, US reports

New home construction rose 8.9 percent in September, rebounding from two straight monthly declines, the Commerce Department reported Wednesday. It said new housing was started at a seasonally adjusted annual rate of 1.67 million units last month, up from 1.54 million units in August. Analysts have blamed higher interest rates for the slump.

You've read  of  free articles. Subscribe to continue.
QR Code to News In Brief
Read this article in
https://www.csmonitor.com/1984/1018/101836.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe