Home Construction Rebounds

U.S. home building rebounded in September after two straight months of declines, largely because of a sharp increase in construction of apartments and other multifamily housing.

Housing starts rose 6.5% from a month earlier to a seasonally adjusted annual rate of 1.21 million in September, the Commerce Department said Tuesday. An 18.3% surge in multifamily units, which include apartments and condominiums, led the increase.

Read more: http://www.wsj.com/articles/u-s-housing-starts-up-on-multifamily-construction-1445344391

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