Investing.com - U.S. housing starts fell to a seven-month low in October, but a rise in building permits suggested the housing market remained solid.
The Commerce Department said housing starts fell 11% to an annual pace of 1.06 million units, the lowest level since March.
Still, October marked the seventh straight month that starts remained above 1 million, indicating a sustainable housing market recovery.
Building permits increased 4.1% to a 1.15 million-unit rate last month.