Continued good news on the national home building front

Building permits in October 2012 were at a seasonally adjusted annual rate of 866,000, down 2.7 percent from the revised September rate but up 29.8 percent from October 2011. Housing starts in October 2012 were at a seasonally adjusted annual rate of 894,000, up 3.6 percent from the revised September estimate and up 41.9 percent from October 2011.