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The construction of new houses grew in the United States by 13.7% in October

The construction of new houses in the United States grew by 13.7% in October compared to the previous month and remained at an annual rate of 1,290,000 million units, reported today the Department of Commerce.

Washington, Nov 17 (EFE) .- The construction of new homes in the United States grew by 13.7% in October compared to the previous month and stood at an annual rate of 1.29 billion dollars. units, the Department of Commerce reported today.

This month's advance represents a notable increase compared to September, whose annual rhythm was revised upwards to the growth rate of 1,135,000 million units.

However, the October figure is 2.9% lower than in the same month of 2016, when the rate of new housing construction was 1,328,000 million euros. units.

By categories, the new constructions of single-family homes remained at an annual rate of 877,000 million units, representing a growth of 5.3% with respect to to the revised figure for September, which stood at 833,000 million units.

Meanwhile, in October, housing in buildings with five or more units was placed at a rate of 393,000 million units.

On the other hand, the permits processed for new works, an indicator of future demand, increased by 5.9% in August compared to the previous month, and remained at a annual rate of 1,297,000.

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