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- U.S. housing starts rose 1.9% in September to a seasonally adjusted annual rate of 1.415 million, according to figures released Tuesday by the Census Bureau. Financial markets had expected starts to climb to a saar of 1.465 million.
- From a year earlier, starts were up 11.1% in September.
- August housing starts were revised down to a saar of 1.388 million (prev 1.416 million).
- Permits rose 5.2% to a saar of 1.553 million, above forecasts for a saar of 1.520 million.
- Permits were up 8.1% from a year earlier.
- Completions increased 15.3% in September to a saar of 1.413 million from 1.226 million in August.
- Completions were up 25.8% year-over-year.