US Economy slowing

Today, US housing construction fell to its lowest level in 6 years. Housing has been one of the major drivers of growth in the US economy over the last 5 years. The Consumer Price Index (CPI) reported yesterday also fell last month for the second straight month. Combined with oil prices diving to $55 per barrel this morning and other commodity prices in slow decline, I believe the US economy is headed into a period of very low inflation or deflation from a period of higher than average inflation. The REITs and utility averages where high-dividends rule are close to new highs which help confirm the low interest rate and inflation period that we are heading towards next year.