Housing Data for August Show a Slowing Market

Although builders were busy in August, subsequent activity revealed evidence of the housing slump.

According to data released on Tuesday by the Census Bureau, residential construction had a mixed August with home starts up 12.2% and permits falling 10%.

While permits for futur...

TOKYO STOCKS OPEN LOW OVER WEAK U.S HOUSING DATA ON WEDNESDAY

Highlights –

• Tokyo stocks open low over weak U.S housing data on Wednesday.
• The 225-issue Nikkei Stock Average shed 398.75 points, or 1.40 percent.
• Stocks declines in companies led by pulp and paper, machinery, and oil and coal produc...