Single-Family Starts Tanked In October, Permits Turned Around
Housing starts and permits changed in every category last month, driven by extreme weather and rising rates. Overall starts slipped 3.1% last month to their slowest pace in three months, according to new data from the U.S. Census Bureau. Year-over-year, they declined 4%. Single-family construction fell by 6.9%, overriding a small September increase, while multi-family…