Eureka! According to a release from the Commerce Department, U.S. housing starts are at the highest rate in four years in October. The adjusted annual rate of 894,000 units is the highest since July 2008.
"We expect to see further strength in the housing market next year, driven by the multifamily sector. Home values are rising, which will help the low-growth economy we have," said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.