U.S. building permits for October were revised upward to an increase of 2.9% from September to a seasonally adjusted rate of 1.26 million. The preliminary estimate for October had been a 0.3% increase from September to a seasonally adjusted rate of 1.229 million.

Building permits are a precursor of building activity.

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(END) Dow Jones Newswires

November 25, 2016 20:19 ET (01:19 GMT)

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