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US building permits rise unexpectedly by 5% in October

By BFN News | 02:33 PM | Tuesday 19 November, 2019


US privately‐owned housing units authorized by building permits rose 5.0% in October on-month to a seasonally adjusted annual rate of 1.46m, according to the Census Bureau. The market had been expecting the rate to stay flat at around 1.39m. Housing starts, meanwhile, rose 3.8% to 1.31m, in line with market expectations. Story provided by StockMarketWire.com

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