WASHINGTON (Reuters) - U.S. homebuilding increased more than expected in October as the housing market continues to be driven by record low mortgage rates, but momentum could slow amid a resurgence in new COVID-19 infections that is putting strain on the economic recovery.
The report from the Commerce Department on Wednesday also showed building permits unchanged at a 13-1/2-year high.
It followed on the heels of data on Tuesday showing the smallest gain in retail sales in October since the recovery from the pandemic started in May.
The economy is slowing as more than $3 trillion in government coronavirus relief dries up.
Housing starts rose 4.9% to a seasonally adjusted annual rate of 1.530 million units last month. That lifted homebuilding closer to its pace of 1.567 million units in February.
Economists polled by Reuters had forecast starts would rise to a rate of 1.460 million units in October.
Original article:
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发