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New construction starts in the U.S. climbed 13% in November from the month before to an annual rate of $677.8 billion, according to industry data provider Dodge Data & Analytics.
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The U.S. Federal Reserve on Wednesday indicated it believes the American economy continues to expand at a moderate pace and would be able to handle a small hike in short-term interest rates.
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Falling gasoline prices led to a sharp drop in U.S. consumer prices during November, the steepest rate in nearly six years, according to a U.S. Commerce Department released Wednesday morning.
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Newly released figures show a drop in housing starts during November, with an even bigger decline in the number of new building permits issued -- but new home building remained above a 1 million unit annual rate for the third month in a row.
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U.S. industrial production surged in November by 1.3% from the month before, the largest gain since May 2010, according to new U.S. Federal Reserve figures.
Read More →Prices at the wholesale level in November gave up all the gains made the month before, led by declining energy costs, while consumers in the U.S. are feeling better than they have in many years.
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The 0.7% increase from the month before is well above what many analysts were expecting.
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The newly released November Cass Freight Index shows a drop in total freight expenditures of 0.7% and a corresponding decline in shipment volumes of 0.2%, however the level was higher than expected, pointing to strong finish for 2014.
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The U.S. Transportation Department’s Freight Transportation Services Index rose 0.3% in October from September, the fourth consecutive month-over-month gain, hitting an all-time high.
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Trucks accounted for 73.1% of the total value of commodities shipped in 2012 with a worth of more than $10 trillion, according to a U.S. Census Bureau survey.
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