A construction worker stands on the roof of a condo complex under construction in Berkeley, California. (Photo by Justin Sullivan/Getty Images)
Home construction plunged in August, led by a steep decline in the volatile apartment category. Single-family house construction fell by a modest amount. Construction fell 14.4 percent in August to a seasonally adjusted annual rate of 956,000 homes, the Commerce Department said. This reverses the sharp gains in July when the rate of new construction rose to 1.12 million homes, the highest annual rate since 2007. [Full Story]
Related Stories
Washington Boasts Highest Pay in Census Survey Showing Uneven Growth
The area around the U.S. capital had the highest income among major cities, according to a Census Bureau study that found uneven pay growth throughout the country.... [Full Story]
Billionaire investor Warren Buffett, who agreed to help finance Burger [Full Story]
It's not all doom and gloom out there for the nation's economy. One [Full Story]
Rupert Murdoch, CEO of 21st Century Fox, says there is "no reason business [Full Story]
U.S. mortgage rates jumped to a four-month high, increasing home-loan costs [Full Story]
Google is under the gun from European Union regulators over antitrust [Full Story]
The number of Americans filing new claims for unemployment benefits fell [Full Story]
The credit ratings agencies, which some experts blame for being enablers [Full Story]
PepsiCo Inc. Chief Executive Officer Indra Nooyi said she is "confident" [Full Story]
The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration. [Full Story]
Apple Inc is making strong efforts to assuage users' fears after taking the heat in the celebrity photo leak scandal that emerged over the Labor Day weekend. [Full Story]
The Federal Reserve's latest rate projections reveal a deep disconnect between the U.S. central bank and financial markets, with investors anticipating significantly lower rates in the future than the Fed officials themselves project. [Full Story]
A record-setting run for U.S. stocks and an expanding economy aren't solving one of the biggest challenges facing cities and states - how to pay for retiree benefits. [Full Story]
The Great Recession showed that a large number of American families are extraordinarily vulnerable to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen said ThursdayYellen said a Fed survey found that an unexpected expense... [Full Story]

Market Watch
Company Name or Symbol: 

Click Here for Pre-Market Data

Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved