WASHINGTON — Housing starts soared 15% to a seasonally adjusted annual rate of 872,000 in September from a revised estimate of 758,000 in August, originally reported as 750,000, the Commerce Department reported Wednesday.

Building permits shot up 11.6% to a seasonally adjusted annual rate of 894,000 from the revised August rate of 801,000, originally reported as 803,000.

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.