Northeast drives gains in building permits, housing starts

Building permits and housing starts in the U.S. jumped in September, largely driven by activity in the Northeast. Privately owned housing starts reached a seasonally adjusted annual rate of 1.41 million units, up 1.9 percent from a revised August estimate, according to Inman. Single-family housing saw 1,108,000 units, up 8.5 percent from August, based on census data. “Today’s U.S. Census data shows that permits, starts and completions were bolstered by record-high builder optimism, and a