• Rate this Story
  • 0
  • 0

October 18, 2012 12:12 AM EST

U.S. construction companies broke ground on a dramatically higher number of residences last month in the latest sign that the nation’s real estate market may indeed be on the mend.

The Commerce Department said Wednesday that housing starts increased 15 percent in September from the previous month, and compared with a year earlier housing starts jumped 34.8 percent.

The biggest gain last month came in construction of single-family homes, which made up 69 percent of housing starts, surged 11 percent in September. 

To contact the editor, e-mail:

  • Rate this Story
  • 0
  • 0
This article is copyrighted by International Business Times, the business news leader

Join the Conversation

IBTimes TV

E-Newsletters

We value your privacy. Your email address will not be shared.