U.S. building permits soar to a highest level in five-years

Source: Bloomberg
The U.S. building permits surged 6.2% in October, issuing the most applications in a five-year time. The U.S. home-builders took out 1.03 million permits, compared with previous month when there were issued 974,000 applications. The most significant increase was for the multifamily category, which advanced 15.3% to a 414,000.

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