Housing starts jump to 5-month high

New home construction surged to a five-month high in September, but permits for future building fell to their lowest level in more than a year, the government said Tuesday.

Housing starts, or the number of new homes being built, rose 0.3% to a seasonally adjusted annual rate of 610,000 in September, up from a revised 608,000 in August, the Commerce Department said.

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