Housing Starts Soar, Millennials Jump In

According to the U.S. Census Bureau, new home starts and permits for construction increased in October, marking an end to previously mild upsurges and an indicator that buying activity could be warming up. Housing starts jumped 25.5 percent in October—the highest pace since August 2007—to a seasonally adjusted annual rate of 1.323 million, the Commerce Department reported today.

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