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Housing Market

U.S. home construction reaches strongest pace in a year, but falls in the West

U.S. home construction reaches strongest pace in a year, but falls in the West

Construction of new homes in the United States climbed 13.7% in October, the biggest jump in a year, as builders broke ground on more apartments and single-family houses. But the increase wasn’t spread nationwide: Construction declined in the West.

The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1.29 million units. That is the best pace for home construction in 12 months.

California lawmakers have tried for 50 years to fix the state's housing crisis. Here's why they've failed »

Housing starts have risen...

EDITION: California | U.S. & World
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