PrintUS single-family housing starts rebound in October, building permits dip
BY Reuters | ECONOMIC | 01/09/26 08:49 AM ESTWASHINGTON, Jan 9 (Reuters) - U.S. single-family homebuilding rebounded in October, but permits for future construction eased, signaling caution ?among builders as new housing inventory remains ?high and demand soft.
Single-family housing ?starts, which account for ?the bulk ?of homebuilding, increased 5.4% to a ?seasonally adjusted annual ?rate of 874,000 units in October, the Commerce Department's ?Census Bureau ?said on ?Friday. Starts dropped to a pace of 829,000 units in ?September from a 869,000-unit pace in August.
The reports were delayed by the 43-day government shutdown. Builders are also being ?constrained ?by higher building and labor costs because of import ?tariffs and an immigration crackdown.
Permits for future single-family homebuilding fell 0.5% to a rate of 876,000 units in October. They increased to ?a pace of 880,000 units in September from a 858,000-unit rate in August
(Reporting ?by Lucia MutikaniEditing by Mark Potter)
