Daily Business News
Tuesday, September 19, 2006
  Housing starts tumble core producer prices dip (Reuters)

Homes under construction in a suburb of Chicago in a file photo. The pace of home building fell more sharply than expected in August as builders broke ground on new homes at the slowest rate since April 2003 a government report showed on Tuesday. (John Gress/Reuters)Reuters - U.S. housing starts plunged to a more than three-year low in August while falling new vehicle costs kept producer prices unexpectedly weak the government said on Tuesday bolstering views the economy is cooling.


 
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