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U.S. Housing Starts Soar In March But Building Permits Plunge
(RTTNews) - A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of March but a steep drop in building permits.
The Commerce Department said housing starts soared by 10.8 percent to an annual rate of 1.502 million in March from a rate of 1.356 million in February. Economists had expected housing starts to come in at an annual rate of 1.400 million.
Meanwhile, the report said building permits plummeted by 10.8 percent to an annual rate of 1.372 million in March from a rate of 1.538 million in February.
Building permits, an indicator of future housing demand, were expected to come in at an annual rate of 1.390 million.
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U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
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7h 47min ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
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8h 36min ago
U.S. Consumer Prices Increase In Line With Estimates In August
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August.
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9h 38min ago
U.S. Wholesale Inventories Jump 1.3% In July, In Line With Estimates
The Commerce Department released a report on Thursday showing a sharp increase in wholesale inventories in the U.S. in the month of July.
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1 day ago
U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025
A report released by the National Association of Realtors on Thursday showed an extended slump by existing home sales in the U.S. in the month of August. NAR said existing home sales dove by 2.0 percent to an annual rate of 3.98 million in August after tumbling by 1.7 percent to an annual rate of 4.06 million in July.
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1 day ago
U.S. Producer Prices Increase 0.4% In August, In Line With Estimates
Producer prices in the U.S. increased in line with economist estimates in the month of August, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand rose by 0.4 percent in August following a revised 0.1 percent uptick in July.
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1 day ago
U.S. Jobless Claims Unexpectedly Edge Down To 206,000
The Labor Department released a report on Thursday unexpectedly showing a slight dip in first-time claims for U.S. unemployment benefits in the week ended September 5th. The report said initial jobless claims edged down to 206,000, a decrease of 1,000 from the previous week's revised level of 207,000.
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1 day ago
U.S. Producer Prices Increase In Line With Estimates In August
Producer prices in the U.S. increased in line with economist estimates in the month of August, the Labor Department revealed in a report released on Thursday.
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1 day ago
