Futures Rise; Housing Data Improve

wochit business
August 16, 2013 AT 4:39 AM
Markets are attempting to mount a turnaround this morning. Futures have been fractionally higher after two days of bruising losses. The Department of Commerce says numbers on July housing came in at an annual rate of 896,000 for the month. Estimates were for 915,000 housing starts annually. The number was still up from June when it came in at 836,000.