4209 Outlook

Economic Outlook - October 21st

Oct 21, 2016  | Ep4209

Higher oil prices fueled growth in consumer prices. The CPI for September increased 0.3 percent coming from energy, housing and prescription drug costs.

Fewer hammers were heard for the second straight month as new home construction fell to the slowest pace in 18 months. Gains in new home building was offset by a plunge in apartment building.

What inventory remains is still in short supply as existing home sales rose 3.2 percent last month. Buyers are still being lured into the market with low interest rates.

However, for the 14th straight month, the Rural Mainstreet Index is below growth neutral. The 10-state economic snapshot from Creighton University cites struggles in livestock and grain prices as drags on the survey.

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