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US single-family housing starts drop to eight-month low in May

WASHINGTON, June 16 (Reuters) - U.S. single-family homebuilding fell to an eight-month low in May, pressured by higher mortgage rates and building material prices, suggesting the housing market could remain a drag on economic growth in the second quarter. Single-family housing starts, which account... Read More.

US import prices increase more than expected in May

WASHINGTON, June 16 (Reuters) - U.S. import prices rose more than expected in May amid strong gains in the prices of fuels and capital goods, leading to the largest annual increase in nearly four years. Import prices increased 1.9% last month after an upwardly revised... Read More.