BREAKING GROUND U.S. new residential construction is running below last year's pace. Housing starts fell 9.7% through the first three months of this year. The trend makes it more challenging for would-be homebuyers, given the chronic shortage of homes on the market. Economists expect that the Commerce Department will report Thursday that home construction slowed again last month.
Housing starts, monthly, seasonally adjusted annual rate: Nov. 1,206,000 Dec. 1,140,000 Jan. 1,298,000 Feb. 1,142,000 March 1,139,000 April (est.) 1,220,000 Source: FactSet TRADE WAR TROUBLES The trade dispute between the U.S. and China has been costly to American farmers.
And that's led to farmers pulling back on investing in the kind of heavy equipment made by Deere & Co. The company cited rising costs and anxious farmers when it reported a profit shortfall for its fiscal first quarter. Deere reports fiscal second quarter results Friday.