Housing starts rise in October despite higher mortgage rates

By Zach Halaschak

Published November 17, 2023 1:33pm ET

Housing starts rise in October despite higher mortgage rates — Business economists expect more economic growth and a soft landing. Workers build a home Tuesday, Sept. 19, 2023, in Marshall, N.C. Climate change is increasing billion-dollar disasters, many of them from intensifying hurricanes. Housing developers are now building homes, some of them round, that can resist hurricane-force winds and at the same time generate much less of the emissions that contribute to climate change. | (Chris Carlson/AP)

The number of housing starts ticked up slightly in October, a sign of resilience in construction as the market for existing homes is battered by high mortgage rates.

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Housing starts rise in October despite higher mortgage rates

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