Consumer Prices Drop, Housing Starts Soar
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U.S. consumer prices dropped in July  for the first time in eight months as a sharp run up in energy  costs reversed, the government said on Tuesday in a report  showing inflation pressures largely in check.
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Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook.
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U.S. stocks were set to open higher on  Tuesday after an economic report showed U.S. consumer prices  dropped in July for the first time in eight months and another  report said U.S. housing starts rebounded sharply in July.
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WASHINGTON - Consumer prices, which have been buffeted this year by soaring energy costs, fell by 0.1 percent in July as gasoline costs posted their biggest decline in eight months, the government reported Tuesday.    The Labor Department said the decline in its closely watched Consumer Price Index was the first decrease since a 0.2 percent drop last November, a decline which also reflected a decline in energy costs...
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American consumers and investors became more optimistic in May, while U.S. home prices declined in the first quarter for the first time in 16 years, according to reports published on Tuesday.
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U.S. housing starts fell more   sharply than expected to the lowest rate in more than three   years, while core producer prices dipped unexpectedly,   according to government reports on Tuesday that confirmed a   fast-cooling economy.
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U.S. housing starts unexpectedly  plummeted 13.1 percent last month, the biggest dive in nearly  11 years, as groundbreaking activity fell sharply across the  nation, a government report showed on Thursday.
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Housing starts nationwide sank to a 14-year low last month as concern grew about the effects the faltering industry could have on the U.S. economy.
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WASHINGTON - Consumer prices fell by 0.1 percent in July as gasoline prices dropped while output at factories and housing construction posted healthy rebounds, offering hope the economy has escaped this summer's "soft patch."   The Labor Department said Tuesday that the decline in its closely watched Consumer Price Index was the first decrease since a 0.2 percent drop last November. The CPI had been up 0.3 percent in June and an even sharper 0.6 percent in May, reflecting big jumps in energy costs...
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U.S. home prices plunged by a record 8.4 percent in November, marking two years of slowing returns, according to the Standard & Poorâs/Case-Shiller index.
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American consumers and investors  became more optimistic in May, while U.S. home prices declined  in the first quarter for the first time in 16 years, according  to reports published on Tuesday.
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U.S. consumer prices dropped in July  for the first time in eight months as a sharp run up in  gasoline costs reversed, the government said on Tuesday in a  report suggesting the U.S. Federal Reserve can stick to a plan  of gradual interest-rate rises.
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Record levels of debt and falling home prices may mean Americans will now spend less, save more.
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U.S. consumer prices dropped in July for the first time in eight months as a sharp run up in energy costs reversed, the government said on Tuesday in a report showing underlying inflation pressures largely in check.
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Prices for single-family homes fell in more than half of the nationâs biggest metropolitan areas in the last three months of 2006.
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As sales of existing homes plunged 8 percent in September to the slowest annual pace in nearly a decade, markets rebounded from early losses on hopes the Fed will cut rates.
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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.