Housing starts reversed two months of declines – groundbreaking jumped 15.7% in July
Housing starts reversed two months of declines, as groundbreaking jumped 15.7% in July to a seasonally adjusted 1.09 million units, beating estimates for a 969,000 unit gain. Separately, the Consumer Price Index rose .1% in July, as rising food prices were partly offset by declining energy cost. For the past 12 months, CPI was up…