Housing Starts Rebound Sharply in July
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Housing starts rebounded sharply in July, making up almost all the ground lost in a June slump by posting their largest monthly percentage gain since September 2002, a report from the Commerce Department on Tuesday showed.
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U.S. stocks were higher on Tuesday,  boosted by strong earnings from Home Depot Inc. HD.N and two  separate economic reports that showed inflationary pressure was  held in check and U.S. housing starts rebounded sharply in  July.
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House price growth rebounded in June, according to the Nationwide, with prices rising by 1.1% in the month.
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U.S. stocks opened higher on Tuesday  after two separate reports showed inflationary pressure was  held in check in July and U.S. housing starts rebounded sharply  in the same month.
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Manufacturing output has climbed by 0.2 percent in July compared with the previous month.
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Washington - The nation&#39;s factories cranked out more products in July, miners dug more minerals and builders broke ground on more homes, the government said Tuesday in three reports that showed some rebound in economic activity last ...
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Orders for costly manufactured goods in July posted the biggest gain in four months. New-homes sales, meanwhile, slid, according to a pair of reports.
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Sales of new homes unexpectedly rose 2.8 percent to an 870,000 annual sales pace in July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday.
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Factories saw orders for big-ticket goods jump 5.9 percent in July, the most in 10 months, an encouraging sign that many manufacturers are holding up to the stresses caused by a housing slump and a credit crunch.
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New official figures have cast some doubt on the claims that the UK housing market has begun to cool in recent months. Home prices rose by a strong 2.1% during July - despite other evidence that the market
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U.S. housing starts unexpectedly rose 0.6 percent in August to their highest level in five months as low mortgage rates encouraged construction, but permits fell more than anticipated, a government report showed on Tuesday.
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U.S. consumer confidence rose  unexpectedly in July and existing homes sales fell less than  forecast in June, reports showed on Tuesday, boosting market  expectations for an August rate hike by the Federal Reserve.
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Stocks were up on Friday after stronger-than-expected new home sales in July and another report showing a rise in factory orders for big-ticket items.
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Factory orders for costly manufactured goods in July recorded the biggest gain in four months. Meanwhile, sales of new homes slid, according to a pair of reports that offered a mixed picture of economic activity.
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Housing starts have been very high relative to the number of homes that builders are trying to sell.
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House price inflation accelerated in July to 14.3 percent year-on-year, from 13.9 percent in June, official data shows, showing the property market still had plenty of momentum this summer.
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U.S. consumer spending rebounded  sharply July, government data showed on Monday, erasing the  disappointment of June and bolstering hopes that the U.S.  economy has recovered from its recent soft spot.