Housing Starts Tumble in September

Home-building activity tumbled in September, with housing starts down 4.7 percent to a rate of 1,127,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 4.6 percent to 829,000. Starts for units in buildings with five units or more came in at 286,000.
Permits also decreased, 4.5 percent from August to 1,215,000, according to the data. Single-family permits were up, however, 2.4 percent to 8