US Housing Starts Increase to Fastest Pace Since April.

US housing starts increased by 9.6% in August, reaching the fastest pace since April. This rebound comes after a decline in the previous month, highlighting the unevenness of residential construction as builders consider inventory levels and demand prospects. Building permits, which indicate future construction, also rose by 5% to a 1.48 million annualized rate, with single-family permits reaching a four-month high. While there is optimism for an improving housing market, it may take time for consistent growth in residential construction. The housing starts data are volatile, and the National Association of Realtors will release August data on existing-home sales, which have been limited by a lack of inventory. [Extracted from the article]

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