You can choose the size of the video you would like to embed below. Next, copy the embed code that is available in the box below. Paste this code on to your website to display the video.
If you experience problems embedding videos, please contact us.
Financial News Network
October 21, 2011 AT 12:32 AM
The Commerce Department announced on Wednesday that privately owned homes were started at 658,000 annual rate last month, a 15% increase from August and the best rate since April 2010.Although, the level is approximately half the 1.2 million economists say is consistent with healthy housing markets.Work on single-family homes, around two-thirds of home construction, increased at 1.7% while apartment building surged 53.44, and building permits fell 5%.The Commerce Department also announced in the inflation report that consumers purchased more food and gasoline last month.The Consumer Price Index rose 0.3% in September, below a 0.4% rise in August.Excluding food and energy, so-called core prices increased 0.1%, smallest rise since March.Food prices rose 0.4%, pushed up by big increases in the dairy, cereals, and fruits and vegetables categories. Gas prices rose 2.9%, driving up energy costs 2% and clothing prices fell sharply.