Wednesday, February 21, 2007

Housing Starts Sink 14.3%

"Home construction fell to its lowest point in nearly 10 years during January in an unexpectedly large decrease that erased hopeful gains posted in two prior months.A separate report showed wholesale prices fell last month, after two strong months of gains, suggesting that underlying inflationary pressures remain broadly contained and are in line with the Federal Reserve's expectations. Core prices, however, which exclude volatile food and energy costs, rose slightly, suggesting there is potential for inflation. A third report showed a drop in consumer sentiment in a mid-February reading....."

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RealEstateJournal | Housing Starts Sink 14.3% To Lowest Point in 10 Years

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