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Housing Starts Plummet to 14-Year Low

But modest consumer price hike soothes inflation fears

By Jonas Oransky, Newser Staff

Posted Oct 17, 2007 9:49 AM CDT

(Newser) – New homes starts fell to their lowest level in 14 years last month, plunging 10%—to an annualized rate of 1.191 million—after expectations of a 4.2% decline. The number followed a 3.2% drop in August, the Wall Street Journal reports. A... Read full story »

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Housing Starts Plummet to 14-Year Low

But modest consumer price hike soothes inflation fears

Federal Reserve • Consumer Price Index • homebuilders • interest rate • housing starts • confidence

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