Despite higher rates, U.S. housing market robust in September

11/26/2013 | Reuters

Continued health in the key U.S. housing market was evidenced in September by sharp gains in home prices and building permits, betraying little effect from rising interest rates. "These reports are unequivocally in line with our view that the housing recovery remains well on track, as the lack of supply will continue to support both construction activity and house prices," said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.

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