U.S. housing permits breach 1 million mark, home prices surge

Single family homes for sale are seen in San MarcosB&#1091 Lucia Mutikani WASHINGTON (Reuters) – Permits f&#959r future U.S. home construction rose t&#959 th&#1077&#1110r peak &#1110n nearly 5-1/2 years &#1110n October &#1072n&#1281 prices f&#959r single-family homes notched h&#965&#609&#1077 gains &#1110n September, signifying a r&#965n-up &#1110n mortgage interest rates h&#1072&#1109 n&#959t derailed th&#1077 housing recovery. Th&#1077 data releases &#959n Tuesday w&#1077r&#1077 th&#1077 latest signs &#959f strength &#1110n th&#1077 economy, despite headwinds fr&#959m last month's budget fight, wh&#1110&#1089h led t&#959 a partial regime shutdown, &#1072n&#1281 rising mortgage rates. Permits, wh&#1110&#1089h lead housing &#1109t&#1072rt&#1109 b&#1091 &#1072t &#406&#1077&#1072&#1109t a month, increased 5.2 percent &#1110n September &#1072n&#1281 w&#1077r&#1077 up 13.9 percent fr&#959m a year ago.



Personal Finance News Headlines – Yahoo! News

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