U.S. Housing Starts Rise ‘Unexpectedly’ for the Second Straight Month
Getty ImagesThe numbers: Construction of new homes rose 1.9% in October, as builders amped up new projects.The pace of construction increased as builders saw a pressing need for more housing units, with the resale market continuing to deal with a shortage.Housing starts rose to a 1.37 million annual
What’s Pushing Inflation Down?
Answer: More goods, workers and housing. Overall inflation didn’t rise from Sept. to Oct., the 1st time consumer prices haven’t changed month to month in over a year.
Latest Data Shows Home Prices, Rates May Improve
Freddie Mac Chief Economist: “New data indicate inflationary pressures are receding” – which, along with lower mortgage rates, may lure more homebuyers into the market.
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