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Two days before Christmas, the Commerce Department released three reports on the U.S. economy. When put together, they show a solid performance, though not as strong as it has been or some would like.
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The U.S. housing market continues to improve, with new home starts hitting their highest level in seven years and builder optimism the best in nearly a decade.
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Conditions for the U.S. housing market look better than they have in years, according to two reports released late last week.
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Housing starts in the U.S. fell in October, but an indicator of future building is at a more than six-year high, according to a new Commerce Department report.
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Housing starts in the U.S. plunged in August from the month before but the level of activity was still higher than the same time a year earlier, according to the U.S. Commerce Department.
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UPDATED -- Consumer prices increased as the slowest pace in five months during July, increasing just 0.1% from the month before, according to the U.S. Commerce Department.
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The number of new home starts in the U.S. picked up slightly in March but is below the pace from a year earlier, according to a new U.S. Commerce Department report.
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The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.
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The annual rate registered 923,400 single-family homes and apartments, an 18% increase above 2012 figure of 780,600.
Read More →The latest numbers about the health of the U.S. economy are more upbeat than those that came out last week. Industrial production rose in March by 0.4% from the month before due to utilities using more energy and a surge in auto production and new homes starts in the country have hit an annual level not seen in nearly four years.
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