FINANCIAL TIMES: The US housing market shook off the impact of higher interest rates in the summer as new construction permits hit their highest level since 2008 in October.
Construction permits were up by 6.2 per cent over the previous month to an annualised rate of 1,034,000, as the surge in apartment building continued…
There was another month of strong recovery in house prices as well, according to the S&P/Case-Shiller index, which rose by 0.7 per cent on the previous month in September. House prices are now up by 13.3 per cent on a year ago… (more)
