In June, manufacturing output surged to a 20-month high, with automotive production nearly tying its record peak. Real retail trade sales also saw an increase. Although inventories remained relatively stable compared to sales in May, housing starts rose in June but were still down year-over-year, while homes under construction continued to decline. Mortgage rates decreased again in the latest week, and diesel prices fell after four consecutive increases. Van spot rates continued to run higher year-over-year, and rail traffic showed some recovery from the holiday lull. Additionally, the Surface Transportation Board (STB) has scheduled a hearing to discuss rail growth strategies.