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.
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.
Conditions for the U.S. housing market look better than they have in years, according to two reports released late last week.
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.
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.
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.
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.
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.
The annual rate registered 923,400 single-family homes and apartments, an 18% increase above 2012 figure of 780,600.
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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