U.S. housing starts up in August

WASHINGTON — The U.S. Census Bureau and the Department of Housing and Urban Development has reported that the number of U.S building permits reached 1,170,000 seasonally adjusted in August. This is 3.5% above July’s rate 1,130,000 and is 12.5% above last August’s 1,040,000. Housing starts fell to a seasonally adjusted rate of 1,126,000, down 3% from July, but up 16.6% from the same month a year ago.