Housing starts jump as homebuilder confidence rises

The number of homes under construction surged across the U.S. last month as homebuilder confidence kept rising. In September, housing starts for single-family properties stood at 1.4 million, seasonally adjusted, according to the U.S. Census Bureau’s monthly report on residential construction. That’s a jump of about 11 percent year over year. The number is also up about 2 percent from August levels. Housing starts fell in August by 5 percent, or 76,000 units, compared to