U.S. housing starts fall; mid-Atlantic factory activity slows

Euronews | Oct 17, 2019 at 3:34 PM
  • U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing.
  • The Philadelphia Fed survey’s measure of prices received by manufacturers in the mid-Atlantic region fell in October, as did a gauge of prices paid by factories.
  • The four-week average of claims rose 2,000 between the September and October survey period, suggesting little change in the moderate pace of job growth.
More sources