Led by a drop in multifamily production, total housing starts fell 5.3 percent in September to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
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Victory Mountain Secures Frac Sand Permits
Victory Mountain Ventures Ltd. has entered into an option agreement, subject to the approval of the TSX Venture Exchange, whereby it may earn a 100 percent interest in eight Metallic and Industrial Minerals Permits totaling approximately 737 sq. km located west of Fort McKay, Alberta, Canada, in the Fort McMurray area of northeastern Alberta.
Read MoreHousing Starts Rise 5.9 Percent in July
Nationwide housing starts rose 5.9 percent to a seasonally adjusted annual rate of 896,000 units in July as multifamily construction rebounded from a dip in the previous month, according to newly released figures from HUD and the U.S. Census Bureau. Meanwhile, single-family construction recorded a modest decline from a rate that was upwardly revised for the previous month.
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