WASHINGTON – US single-family homebuilding tumbled in October as Hurricanes Helene and Milton depressed activity in the South and permits rose slightly, suggesting that a rebound was likely to be muted by higher mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, plunged 6.9% to a seasonally adjusted annual rate of 970,000 units last month, the Commerce Department’s Census Bureau said on Tuesday. Data for September was revised higher to show homebuilding rising to a rate of 1.042 million units from the previously reported pace of 1.027 million units. Single-family starts dropped 10.2% in the South. Permits for future construction of single-family housing gained 0.5% to a rate of 968,000 units. …Mortgage rates initially fell as the Federal Reserve started cutting interest rates in September. They have, however, erased that decline on strong economic data and concerns that Trump’s policies could reignite inflation.