By Chris Isidore @CNNMoneyOctober 17, 2012: 8:42 AM ET
NEW YORK (CNNMoney) -- The housing recovery blossomed in September, as the pace of home building surged to a four-year high, according to a government report issued Wednesday.
Builders started work at an annual pace of 872,000 homes last month, up 15% from the 758,000 pace in August. They also filed for permits to build homes at an annual pace of 894,000, up 11.6% from an 801,000 rate the previous month. Both readings were the best since the summer of 2008, before the meltdown in financial markets that caused home lending and building to freeze up.
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Read more here: http://money.cnn.com/2012/10/17/real_estate/home-building/index.html?iid=HP_LN&hpt=hp_t3
