Consumer Prices and Housing Starts Surge
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Surging energy costs drove U.S. consumer prices up a hefty and larger-than-expected 0.6 percent last month, the biggest jump since May, while housing starts showed the most strength since December, government reports showed on Wednesday.
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Consumer prices posted their biggest gain in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve.
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Housing construction in August surged to its highest level in five months, a dose of encouraging news for the economy's expansion.
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The number of homes on the market is big, and likely to get much bigger.
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Consumer inflation surged by the largest amount in more than two years in November, led by a huge jump in gasoline prices.
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US consumer prices in October rose by their biggest amount in five months as households were faced with higher energy and fresh food costs.
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U.S. retail sales jumped sharply in  November as shoppers went on a spending spree that will  reinforce the Federal Reserve's view that the cooling housing  market has not hurt the rest of the economy.
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Industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump.
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U.S. homeowners began the foreclosure process at a record pace in the first quarter of 2007, largely due to a sharp rise in previously hot real estate markets such as California and Florida.
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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.
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US consumer prices rose in October, spurred by energy and food costs, and industrial production and housing starts surged, suggesting the Federal Reserve may keep raising its benchmark interest rate.
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Consumer prices picked up momentum in September, especially hitting the pockets of people paying for medical care, education costs and filling up gas tanks.
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Surging energy costs drove up U.S.  consumer prices a hefty and larger-than-expected 0.6 percent  last month, while industrial output grew strongly after  rebounding from hurricanes and housing starts leapt, government  reports showed on Wednesday.
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A spokesman from the National Bureau of Statistics (NBS) said here Friday that multi-fators have pushed up the housing price. Statistics show that the prices of housing and residential housing in the first
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The number of homes put up for sale surged in May as sellers tried to beat the launch of Home Information Packs.
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Bee Staff Writer. The housing market throttled back in parts of California last month, but it sped ahead of last year&#39;s pace here, with prices reaching new highs across the capital region.
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Falling energy costs pulled down  U.S. consumer prices last month, but core inflation rose and  housing starts staged their biggest jump in more than seven  years, according to data on Wednesday that bolstered  expectations for a steady diet of interest-rate rises.