A report released by the Commerce Department on Thursday showed new residential construction in the U.S. tumbled by much more than expected in the month of January.The Commerce Department said housing starts dove by 4.5 percent to an annual rate of 1.309 million in January after plunging by 3.4 percent to a revised rate of 1.371 million in December.Economists had expected housing starts to slump b...
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.