New-home construction in the U.S. surged in September to the highest level in four years, a sign the industry is on the road to recovery. Housing sta
It's the largest increase since July 2008 and surpasses all forecasts in a Bloomberg survey of economists, Commerce Department figures showed today in Washington. The median estimate of 81 economists surveyed by Bloomberg called for 770,000. An increase in building permits may mean the gains will be sustained.