Clayton & Clayton Realtors, Inc.

Home Construction Perks Up – WSJ.com

U.S. home construction rose last month, suggesting that the lull in the housing market that followed the expiration of home-buyer tax breaks in the spring has ended.

September construction starts on single-family homes rose 4.4% from August, an annual rate of 452,000, the Commerce Department said Tuesday. Overall housing starts, which include groundbreakings on apartment and other multifamily buildings, increased 0.3% to a seasonally adjusted annual rate of 610,000.

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