The Commerce Department has today revealed US housing starts recovered in July but building permits fell. According to the Commerce Department, construction of new US homes rose 1.7% to a seasonally adjusted annual rate of 546,000 properties – however, the figure was less than economists had expected. In the meantime, applications for building permits, a [...]
The Commerce Department has today revealed US housing starts plummeted in June – far more than expected, raising fears for the already fragile housing market.
According to the Commerce Department, construction of new US homes fell 5% in the month to a seasonally adjusted annual rate of 549,000 properties – the lowest since October 2009 and [...]
Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis.
The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat.
The fall in June followed declines of 0.1% and 0.2% in April and [...]
Official data has today revealed that US consumer prices fell in April by 0.1% on a monthly basis – the first decline in 13 months.
The fall was attributed to declines in petrol, housing, car and clothing prices according to the Labor Department.
Petrol prices fell by 2.4%, clothing costs fell 0.7%, while food costs rose [...]
The Commerce Department has today revealed US housing starts soared in April, boosted by the expiration of a Government tax credit, which ended last month.
According to the Commerce Department, construction of new US homes rose 5.8% in the month to a seasonally adjusted annual rate of 672,000 properties – the highest since October 2008.
Furthermore, the [...]
The Federal Reserve has today elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected.
After the one day meeting, the Federal Open Market Committee (FOMC) voted 9-1 to keep rates unchanged.
Interest rates in the world’s largest economy have been at the low level since December [...]