Eco­nomic bellwether

Daily Freeman (Kingston, NY) - - BUSINESS -

The Com­merce Depart­ment re­ports data to­day on new U.S. res­i­den­tial con­struc­tion projects be­gun in Oc­to­ber.

Home­builders pulled back on con­struc­tion in Septem­ber for the second straight month as a plunge in apart­ments off­set gains in sin­gle-fam­ily homes. Build­ing ac­tiv­ity slowed to the low­est pace in 18 months. Econ­o­mists forecast that builders broke ground on new res­i­den­tial con­struc­tion projects at a faster pace in Oc­to­ber.

Source: Fac­tSet

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