Subprime fall-out New US residential building slowed in July as construction of multi-family homes dropped sharply while single-family home construction continued to climb steadily, a commerce department report showed on Tuesday.
Separately, the labour department said that wholesale prices recorded their biggest annual decline on record last month thanks to plunging petrol prices, easing fears that government stimulus measures could spur inflation and offering a reminder that deflation continues to be a risk.
