WASHINGTON -- The homebuilding industry showed renewed signs of life in October as housing starts advanced to the highest level in nearly a year with solid gains in all regions of the United States, the Commerce Department reported yesterday.

Total housing starts jumped 7.3% to a seasonally adjusted annual rate of 1.096 million units. The increase came on solid gains in both the single-family and multi-family sectors and more than erased a revised decrease of 3.3% in September.

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