OfflineA big increase in multi-family unit groundbreaking was the impetus for a surge in housing starts in September that was at the fastest pace in 17 months. The Commerce Department said that housing starts increased 15.0% to a seasonally-adjusted annual rate of 658,000 units. Analysts had only estimated a 590,000 unit rate.
Housing starts for buildings with two or more units rose 51.3% to a 233,000 unit rate. Single family home construction, which accounts for a larger share of the market, increased 1.7% to a 425,000 unit pace. On the inflation front, another report showed that consumers paid more for food and gas last month.
The Labor Department says the Consumer Price Index rose 0.3 percent in September, below a 0.4 percent rise in August. Excluding food and energy, so-called core prices increased 0.1 percent, the smallest rise since March. Commodity prices spiked in the spring, bringing inflation this year, but economists expect this trend to moderate.
Food prices rose 0.4% on increases for dairy, cereals, fruits and vegetables. Gas prices rose 2.9%, while clothing prices fell sharply. While a small amount of inflation is considered good, encouraging businesses and consumers to spend and invest, higher food and gas prices are coming at a difficult time. One group will see an income increase. Inflation will result in a cost-of-living adjustment for 55 million Social Security beneficiaries. They haven’t seen one of these for a couple of years.
I want to thank DEAN, his ORGANIZATION an all the DGERs you are by the BEST!!!! You are the GREATEST GROUP OF INVESTORS AN SHARERS THAT I KNOW, WHAT A TRUELY GREAT BUNCH TO WORK WITH AN WE ARE GOING TO HAVE SOME REALLY AWESOME DAYS TOGETHER AN HAVE ALOT OF FUN WORKING TOGETHER, DEEPLY AN MUCH APPRECIATED,Jim
jbischoff
Dean, thanks for the reminder of the black and yellow combination. I had forgotten to switch to the yellow sign color, and I'm anxious to see the difference. It is the little things that make big differences in income!
Thanks for the info Dean!