U.S. Housing Starts Plunge More Than Expected In September

RTTNews | 925 days ago
Stocktwits
U.S. Housing Starts Plunge More Than Expected In September

(RTTNews) - A report released by the Commerce Department on Wednesday showed new residential construction in the U.S. tumbled by more than expected in the month of September.

The Commerce Department said housing starts plunged by 8.1 percent to an annual rate of 1.439 million in September after soaring by 13.7 percent to a revised rate of 1.566 million in August.

Economists had expected housing starts to dive 6.4 percent to a rate of 1.475 million from the 1.575 million originally reported for the previous month.

Meanwhile, the report showed building permits jumped by 1.4 percent to an annual rate of 1.564 million in September after plummeting by 8.5 percent to a revised rate of 1.542 million in August.

Building permits, an indicator of future housing demand, were expected to increase by 0.9 percent to a rate of 1.530 million from the 1.517 million originally reported for the previous month.

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U.S. Construction Spending Unexpectedly Falls 0.5% In March

U.S. Construction Spending Unexpectedly Falls 0.5% In March

Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
RTTNews | 14h 3min ago
U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April

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The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.
RTTNews | 14h 15min ago
U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
RTTNews | 14h 27min ago
U.S. Pending Home Sales Unexpectedly Spike 6.1% March

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Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
RTTNews | 1 day ago
U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March. The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.
RTTNews | 1 day ago
U.S. GDP Unexpectedly Dips In First Quarter As Imports Soar

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The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025. The report said real gross domestic product fell by 0.3 percent in the first quarter after surging by 2.4 percent in the fourth quarter of 2024. Economists had expected GDP to rise by 0.4 percent.
RTTNews | 1 day ago
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