Thursday, December 3, 2015
Permits to build new homes increased 4.1% in October to a level of 1.15 million per year, according to the National Association of Home Builders. Both single-family and multifamily levels increased, by 2.4% and 6.8%, respectively. Year over year, total permits were up 11.9%, with single-family 8.6% higher and multifamily increasing 17.2% as the housing market continues its modest pace of recovery.