New home construction in the U.S. unexpectedly fell in December, indicating the industry lost some momentum entering 2016.
Consumer prices, dragged down for months by low energy prices and a strong dollar, may now be reflecting slowing demand at home. Inflation in housing and health care decelerated slightly from their gains in earlier in the year, the latest data showed.
The U.S. housing market entered 2016 after a year of strong sales, rising prices and dwindling inventories, factors supporting the economy, but also likely to cap future gains for the sector.
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