U.S. Housing Starts Rise, Producer Prices Decline

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009120-us-housing-starts-rise-producer-prices-de/

By Kristin Roberts, Reuters

U.S. housing starts rose 5.3 percent in November, defying Wall Street expectations for a slowdown, as construction on both single-family and multifamily units climbed, the Commerce Department reported on Tuesday.

In a separate report, the government said producer prices posted their biggest drop in more than two and a half years, showing prices were well contained outside of the volatile food and energy areas.

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