Economic Week in Review: Housing starts to raise the roof

OCTOBER 19, 2012 –  Vanguard

Consumers, including home buyers, are doing their part to help the U.S. economy. Consumer spending remains relatively robust, while two housing reports indicated that low prices, low interest rates, low inventories, and pent-up demand appear to be generating a long-awaited housing turnaround. For the week ended October 19, the S&P 500 Index rose 0.3% to 1,433 (for a year-to-date total return—including price change plus dividends—of about 16%). The yield on the 10-year U.S. Treasury note rose 10 basis points to 1.79% (for a year-to-date decline of 10 basis points).  read more on the Vanguard Blog

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