While you were sleeping Housing offsets IBM, Intel

Wed, 17 Oct 2012

By Margreet Dietz Oct 18 (BusinessDesk) - Wall Street opted to focus on another report pointing to better-than-expected signs of recovery in the American real estate market, as both Intel and IBM failed to deliver with their latest results. US housing starts jumped 15 percent last month to a seasonally adjusted annual rate of 872,000 units, according to Commerce Department data. The increase easily surpassed forecasts, and came after yesterday's report showing that confidence among homebuilders in October climbed to the highest level in a lit...

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