WASHINGTON — The U.S. housing permits data through October were stronger on their face, but underneath suggest still-cautious demand for single-family homes.

Permits had surges in September and October, with the October tally up 6.2% to 1.034 million, September up 5.2% at 974,000, and August revised higher to 926,000. The numbers have returned to the highs of the spring, suggesting further housing growth.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.