[11/18/15] Housing starts in the United States fell to a seven-month low in October, weighed down by a steep decline in the construction of multifamily homes. A surge in building permits, though, suggested that the housing market remained on solid ground.
Groundbreaking dropped 11 percent to a seasonally adjusted annual pace of 1.06 million units last month, the lowest level since March, the Commerce Department said on Wednesday.
October was the seventh consecutive month that starts remained above one million units, the longest stretch since 2007. Building permits increased 4.1 percent to an annual rate...