New government numbers show housing starts in the U.S. surged in October, as a measure of consumer prices also rose, likely paving the way for the Fed to raise interest rates before the year is out.
According to a recent report from NTEA, the U.S. construction sector performed well in 2015 and is expected to keep growing this year, with housing starts projected to rise to 1.24 million in 2016.
The number of housing starts in the U.S. fell more than expected in March, but home builder confidence in the market remains strong, according to two new reports.
Economic reports Wednesday morning ahead of the U.S. Federal Reserve's Open Market Committee didn't offer a clear picture on the state of the economy, with slower manufacturing growth but a boost in housing numbers.
While many of latest numbers on the U.S. economy show it’s performing below where many would like it to be, there is increasing evidence the U.S. Federal Reserve is moving closer to raising short-term interest rates for the first time in years.
Following a highly anticipated two-day meeting, the U.S. Federal Reserve’s Open Market Committee announced it is keeping interest rates unchanged, despite earlier indications it was moving toward a hike.
Fueled partly by an increase in sales to first-time buyers, existing-home sales in May rose to their highest pace in nearly six years.
New homes starts in the U.S. increased dramatically in April from the month before, jumping 20.2% and hitting its highest level in more than seven years.
Nationwide housing starts rose 2% in March, hitting an annual rate of 926,000 units, but it's not as much as many analysts were hoping.
Nationwide housing starts dropped 17% to a seasonally adjusted annual rate of 897,000 units in February, according to newly released data from the U.S. Commerce Department.
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