Investors.com

Unexpected Slump In Home Starts Fans Doubts On Economy

Thu, 19 Nov 2009 00:05:00 GMT

Unexpectedly weak homebuilding data out Wednesday raised a red flag that a key driver of prior economic recoveries may not have much horsepower in this one. Housing starts tumbled 10.6% in October to a 529,000 annual rate, while permits for new home construction — a leading indicator of economic activity — fell 4%, the Commerce Department reported. Analysts said activity may have been dampened by wet weather and political haggling over renewing an

Retail Sales Up 1.4% In Oct., But Ex Autos Gains Were Modest

Tue, 17 Nov 2009 00:06:00 GMT

Retail sales rose more than expected in October thanks to strong demand for autos, the Commerce Department said Monday, fueling cautious optimism that consumers are on the mend. Last month's 1.4% gain exceeded the expected 0.9% rise and showed that Americans remain willing to spend despite high unemployment and recent declines in consumer confidence. Still, sales were down 1.7% vs. a year ago, the 13th consecutive drop. But outside of autos, gains