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25th of September 2010
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News Tag: housing starts

September 21, 2010

US housing starts jump, building permits up

by Kay Murchie
US housing starts jump, building permits up
There was some good news from the US housing market today after the Commerce Department revealed housing starts jumped in August to a four-month high. According to the Commerce Department, construction of new US homes rose 10.5% last month to a seasonally adjusted annual rate of 598,000 units - beating analysts expectations of 550,000. In the meantime, applications for building permits, a ...



August 17, 2010

US housing starts up, building permits down

by Kay Murchie
US housing starts up, building permits down
The Commerce Department has today revealed US housing starts recovered in July but building permits fell. According to the Commerce Department, construction of new US homes rose 1.7% to a seasonally adjusted annual rate of 546,000 properties – however, the figure was less than economists had expected. In the meantime, applications for building permits, a barometer of future home construction, fell by ...



July 20, 2010

US housing starts fall, building permits up

by Kay Murchie
US housing starts fall, building permits up
The Commerce Department has today revealed US housing starts plummeted in June - far more than expected, raising fears for the already fragile housing market. According to the Commerce Department, construction of new US homes fell 5% in the month to a seasonally adjusted annual rate of 549,000 properties – the lowest since October 2009 and represented the second consecutively monthly ...



US consumer prices fall further in June

by Kay Murchie
”US
Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis. The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat. The fall in June followed declines of 0.1% and 0.2% in April and May respectively. However, last month’s fall ...



May 19, 2010

US consumer prices see first drop in 13 months

by Kay Murchie
”US
Official data has today revealed that US consumer prices fell in April by 0.1% on a monthly basis - the first decline in 13 months. The fall was attributed to declines in petrol, housing, car and clothing prices according to the Labor Department. Petrol prices fell by 2.4%, clothing costs fell 0.7%, while food costs rose 0.2%. The figures ...



May 18, 2010

US housing starts surge, building permits fall

by Kay Murchie
US housing starts surge, building permits fall
The Commerce Department has today revealed US housing starts soared in April, boosted by the expiration of a Government tax credit, which ended last month. According to the Commerce Department, construction of new US homes rose 5.8% in the month to a seasonally adjusted annual rate of 672,000 properties - the highest since October 2008. Furthermore, the figure was 40.9% higher than ...



March 16, 2010

Fed leaves interest rates unchanged

by Kay Murchie
’Fed
The Federal Reserve has today elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. After the one day meeting, the Federal Open Market Committee (FOMC) voted 9-1 to keep rates unchanged. Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously ...



US housing starts and building permits fall in Feb

by Kay Murchie
US housing starts and building permits fall in Feb
The Commerce Department has today revealed US housing starts fell during the month of February, while building permits were also down. Both declines were attributed to the severe wintry weather that gripped parts of the US during the month. According to the Commerce Department, construction of new US homes fell 5.9% during the month to a seasonally adjusted ...



March 2, 2010

Buffett confident of US housing market recovery

by Kay Murchie
Buffett confident of US housing market recovery
Respected US billionaire investor Warren Buffett has said the problems in the US property market will be over within a year. In his annual letter to shareholders in Berkshire Hathaway, the investment group controlled by Mr Buffett, he said prices will remain 'far below bubble levels' for the medium term. He added: "People thought it was good news a few years ...



February 17, 2010

US housing starts and industrial production rise

by Kay Murchie
US housing starts and industrial production rise
The Commerce Department has today revealed US housing starts increased for the month of January but building permits were down. According to the Commerce Department, construction of new US homes rose 2.8% during the month to a seasonally adjusted annual rate of 591,000 properties. While this represented the highest level in six months, the figures are still far below the ...



January 21, 2010

US housing starts fall, producer prices up

by Kay Murchie
”US
The Commerce Department has revealed a fall in housing starts for the month of December but building permits rose. According to the Commerce Department, construction of new US homes fell 4% during the month to a seasonally adjusted annual rate of 557,000 properties. The fall was primarily due to bad weather which hit most of the country. Meanwhile, applications for ...



December 17, 2009

Fed keeps interest rates at record low level

by Kay Murchie
Fed keeps interest rates at record low level
The Federal Reserve yesterday opted to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. The Fed acknowledged that the economy is strengthening and said it will keep rates “exceptionally low” for “an extended period”. Evidence that a recovery is on track came yesterday after official data revealed that US inflation remains ...



December 16, 2009

US housing starts and producer prices up

by Kay Murchie
US housing starts and producer prices up
The US economy received a boost today after the Commerce Department revealed a rise in housing starts for the month of October, recovering from the slump in September. According to the Commerce Department, construction of new US homes surged 8.9% during the month to a seasonally adjusted annual rate of 574,000 properties. The figure was in line with market expectations and suggests ...



October 25, 2009

US home sales in surprise rise

by Kay Murchie
US home sales in surprise rise
The National Association of Realtors has revealed a surprise rise in sales of previously owned homes in the US for the month of September. The industry body said sales surged 9.4% to an annual rate of 5.57 million in September, up from 5.09 million the previous month. The rate far exceeded analysts expectations who had expected a rise to 5.35 million units. The national ...



October 20, 2009

US housing starts rise, producer prices fall

by Kay Murchie
US housing starts rise, producer prices fall
The recovery in the US was thrown into doubt today after the Commerce Department revealed housing start figures for the month of September. While construction of new US homes rose during the month, it was below economists’ expectations. According to the Commerce Department, construction of new US homes rose 0.5% during the month to a seasonally adjusted annual rate of 590,000 properties ...



September 18, 2009

US housing starts rise in August

by Kay Murchie
US housing starts rise in August
The US economy has received a further boost after the Commerce Department revealed a rise in housing starts for the month of August. According to the Commerce Department, construction of new US homes rose 1.5% in August to an annual rate of 598,000 properties. The rise was the fastest since November 2008, giving hope that the world’s largest economy is emerging from recession. ...



August 22, 2009

New housing starts up 63%

by Gill Montia
”New
House building in England has surged, with figures from the Department for Communities and Local Government showing a 63% quarterly rise in the number of new starts. During the three months to the end of June work began on an estimated 29,980 homes although the figure fell 9% short when compared to the same period of 2008. The second quarter of 2009 also saw ...



August 20, 2009

US jobless claims in surprise rise

by Kay Murchie
US jobless claims in surprise rise
Government figures released today revealed a shock rise in the number of US workers filing new claims for jobless benefits. The Labor Department said initial claims for state unemployment insurance benefits rose 15,000 to a seasonally adjusted 576,000 in the week ending August 15, up from 561,000 the previous week. Linda Duessel, market strategist at Federated Investors in Pittsburgh, said: "I think that ...



August 18, 2009

US housing starts post surprise fall in July

by Kay Murchie
US housing starts post surprise fall in July
The Commerce Department has revealed a fall in US housing starts for the month of July ending three months of gains. According to the Commerce Department, construction of new US homes fell 1% in the month to an annual rate of 581,000 properties. However, there was a fifth straight monthly rise in single family home starts, increasing 1.7% compared with the ...



July 17, 2009

US housing starts rise to 7-month high

by Kay Murchie
US housing starts rise to 7-month high
The Commerce Department has today revealed that US housing starts and permits rose higher than expected in June. According to official figures, new housing starts rose 3.6% to 582,000 units - the highest level in seven months. This is the second month in a row that housing starts have risen following record lows in April. However, the Commerce Department did point ...



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