Tue, 20 Nov 2012 14:23:38 GMT
U.S. building permits reach a 4-year high
U.S. building permits jumped to their highest level in four years in October, showing recovery signs in housing market. According to Commerce Department, housing starts gained 3.6% to 894,000 units on seasonally adjusted basis, reaching the highest rate since July 2008. The experts said that the hurricane Sandy did not have much impact on the data.The Federal Reserve has chosen