Gallup: The Unemployment Rate Is Collapsing

[ErikJ]

8. US housing construction jumps to 4-year high

WASHINGTON (AP) — U.S. builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months. The gains show the housing recovery is strengthening and could help the economy grow.

The Commerce Department said Wednesday that home construction rose 15 percent last month to a seasonally adjusted annual rate of 872,000. Single-family construction rose 11 percent to the fastest rate in four years. Apartment building increased 25.1 percent.

Applications for building permits, a sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008. http://www.boston.com/business/news/2012/10/17/housing-construction-percent-september/vJU2wMY5HNp7KqOTX3i2sL/story.html