Housing starts increased to a seasonally adjusted annual rate of 1.290 million in October, according to the U.S. Department of Commerce. The rise was 13.7% above the upwardly revised September rate of 1.225 million but is 2.9% below the October 2016 rate. Single-family home starts grew 5.3% from last month. Housing activity increased in three of the four regions as the Northeast, Midwest and South grew 42.2%, 18.4% and 17.2%, respectively. The West was the lone region to see a decline, falling 3.7%.