New Housing Starts in U.S. Down 5% in July

According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), the new residential construction numbers for July 2011 are a mixed bag. Building Permits Privately-owned housing units authorized by building permits in July were at a seasonally adjusted an
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Saks, Wal-Mart show widening U.S. consumer split (Reuters)

Reuters – At luxury department store chain Saks Inc , customers were buying more designer suits at full price. Yahoo! News: Business News
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Builder Confidence Index Remains Flat in August, Despite U.S. Market Uncertainty

David Crowe Based on the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, builder confidence in the market for newly built, single-family homes held unchanged at a low level of 15. “Builders continue to confront the same major chall
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