Interesting: The Housing Boom Continues

Low Rates Boost Housing, Mortgage Demand

The U.S. housing industry, a bulwark of the economic revival, is showing no sign of slowing down, reports showed on Wednesday, with demand for mortgages strong last week and construction near record levels in October.

The Commerce Department said October housing starts jumped 2.9 percent to an annualized rate of 1.960 million units, a high not seen since January 1986. At the same time, permits to build homes rose 5.2 percent, to an annualized 1.973 million units, a pace not seen since February 1984.