Single-family housing starts rose 3.9 percent to a seasonally adjusted annual rate of 430,000 units in October, according to newly released data from the U.S. Commerce Department.
Builder confidence in the new single-family homes market rose by three points to 20 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for November.
Data from the 2010 American Community Survey indicates that single-family detached housing attracted 79.2 percent of the new households in the 51 major metropolitan areas over the past decade.