Last week’s economic news included readings on housing starts, building permits issued and sales of pre-owned homes. The Fed’s Federal Open Market Committee issued its customary post-meeting statement and Fed Chair Janet Yellen gave a press conference. Weekly readings on mortgage rates and new jobless claims were also released.
Housing Starts Lower, but Building Permits Increase
August saw fewer housing starts with 1.18 million starts on a seasonally-adjusted annual basis. July’s ...Continue Reading →