U.S. housing starts rebound in September

WASHINGTON (Reuters) - U.S. homebuilding rebounded in September as the housing market continued to be the star of the economic recovery, driven by record-low interest rates and a migration to the suburbs and low-density areas in search of more room for home offices and schooling.

Housing starts increased 1.9% to a seasonally adjusted annual rate of 1.415 million units last month, the Commerce Department said on Tuesday. Data for August was revised down to a 1.388 million-unit pace from the previously reported 1.416 million.

Economists polled by Reuters had forecast starts increasing to a rate of 1.457 million units in September.

(Reporting By Lucia Mutikani; Editing by Andrea Ricci)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Senate votes to halt Iran war unless Trump gets approval from Congress
• Rubio says Iran cannot charge tolls in Strait of Hormuz
• TD Cowen cuts Flowserve to Hold, flags guidance reset risk amid Mideast woes