By Ed FranklU.S. housing starts increased unexpectedly in October, driven by multifamily construction, with building permits also ticking up. --Housing starts came in 4.2% below the same month a year earlier. Housing starts increased on month in the West and Midwest, but ticked down in the Northeast and South. --September's housing starts were downwardly revised to 1.346 million from 1.358 million initially estimated. --Monthly housing starts data are volatile.

Source: Wall Street Journal November 17, 2023 14:18 UTC