Housing Starts Surge 12.1%; Jobless Claims Fall To 5-Year Low - InvestingChannel

Housing Starts Surge 12.1%; Jobless Claims Fall To 5-Year Low

The latest data from the Commerce Department showed a 12.1% percent jump in housing starts last month, coming in at a 4 year high. The number of people filing for first time unemployment help fell to a five year low last week. Bank of America beat the street, but mortgage-related charges took a dent out of profit. And Citigroup missed the mark in the recent quarter, posting sharply lower earnings than expected.