Saturday, October 22, 2005

U.S. Home Construction Jumps; Fed Report Notes Cooling Signs


U.S. Home Construction Jumps; Fed Report Notes Cooling Signs
Housing starts increased 3.4% in September and building permits rose 2.4%. The Fed's 'beige book' found rising prices nationwide, and policy makers suggested that more interest-rate increases are to come.

The Riskiest Housing Markets: A Drop in Home Prices Forecast
Boston and San Diego are among the areas poised for declines in home values, a study says. They have a more than 50% chance of a fall in prices during the next two years.

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