Housing builds best showing since 2008

 

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From Vanguard Week in Review
The housing market showed significant resilience as housing starts surged in December for the strongest reading since 2008. A recovery in the housing sector is considered key to restoring the economy to full health. With inflation still muted, consumer spending gained ground in December. As of Friday afternoon, the S&P 500 Index was up 0.7% for the week to 1,482. The yield on the 10-year U.S. Treasury note was down 4 basis points for the week to 1.85%. Final figures will be posted on vanguard.com after the markets close.    Read more  
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