U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors said Tuesday that sales ...
Read More »US home price growth slowed in October
U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall. The S&P CoreLogic Case-Shiller 20-city home price index rose 5 percent from a year earlier, down from an ...
Read More »New-home sales plunged 8.9 percent in October
Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department said Wednesday that new homes sold at a ...
Read More »Home construction rose 1.5 percent in October
U.S. home construction improved a slight 1.5 percent in October, however, in a troubling sign, ground breakings for single-family houses fell. The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from ...
Read More »Consumer prices increased 0.3 percent in October
Consumer prices climbed 0.3 percent in October, with higher prices for gasoline, used autos and housing contributing to the increase. The Labor Department said Wednesday that this measure of inflation has jumped 2.5 percent in the past 12 months. Adjusted ...
Read More »US services firms’ growth slipped in Oct. after record Sept.
U.S. services firms expanded at a slightly slower rate in October, after achieving a record pace in September in a sign of the economy’s strength and endurance. The Institute for Supply Management, which is composed of purchasing managers, reported Monday ...
Read More »Consumer spending up inflation-adjusted 0.3 percent
U.S. consumer spending rose in September by a solid, inflation-adjusted 0.3 percent, led by increased spending on health care services and motor vehicles. The Commerce Department also said Monday that the Federal Reserve’s preferred measure of inflation returned to the ...
Read More »New-home sales slump for 4th straight month
Sales of new U.S. homes plunged 5.5 percent in September, the fourth straight monthly drop as the housing market cools with mortgage rates rising. The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate ...
Read More »Job growth is found to be no cure for a community’s poverty
A healthy dose of job growth has long been seen as a likely cure for poverty. New research, however, suggests that poor Americans are frequently left behind even when their cities or communities benefit from hiring booms. When such cities ...
Read More »Housing starts sank 5.3 percent in September
U.S. home construction fell 5.3 percent in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market. The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted annual rate ...
Read More »Construction spending rose 0.1 percent in July
Spending on U.S. construction projects ticked up 0.1 percent in July, led by an increase in homebuilding and the publicly funded building of schools and highways. The Commerce Department said Tuesday that the slight July increase brought total construction spending ...
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