Housing construction surged, with housing starts coming in at 1.364 million, compared with 1.25 million expected. August building permits also popped up, rising to 1,419 million.
Paul Hikey at Bespoke Investment Group said
The building has been subdued over the summer, kept
Elsewhere in the housing markets, the average 30-year mortgage rate climbed back to 4.01
"The jump in US Treasury rates at the 30-year fixed-rate mortgage rate rise to 4.01% – the highest in seven weeks, "according to Joel Kan, MBA's Associate Vice President of Economic and Financial Services Industry Forecasting.