Business

Apartments pushed up US homebuilding in September

By Josh Boak
Published October 17, 2014 1:11pm ET
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Apartments pushed up US homebuilding in September
In this Sept. 18, 2014 photo, a construction worker blows compressed air on a fellow worker atop a new home in Panama City Beach, Fla. The Commerce Department reports on U.S. home construction in September on Friday, Oct. 17, 2014. (AP Photo/The News Herald, Andrew Wardlow) | Andrew Wardlow

WASHINGTON (AP) — Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.

Housing starts rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million homes, the Commerce Department said Friday. Almost all of the gains came from apartment construction — a volatile category — which increased 18.5 percent after plunging in August.

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