Housing starts in U.S. rise to highest level in 4 years

10/18/2012 | Bloomberg

U.S. builders started construction of homes at an annual rate of 872,000 in September, a 15% increase, the fastest expansion since July 2008, the Commerce Department said. The National Association of Home Builders/Wells Fargo builder-sentiment index rose to 41 this month, the most optimistic reading since June 2006.

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