New home sales plummet 14.5% in March

New home sales plummet 14.5% in March

Spring buying season off with a whimper

HUD’s Donovan: This is the worst rental crisis in this nation, ever

Says administration is very pleased with Johnson-Crapo

WFC can't keep alleged bogus foreclosure manual out of court

U.S. judge allows discovery on Tirelli's smoking gun

Items Tagged with 'Economy'


Scores are in: Top improving states and metros

Freddie Mac: Over half of metros continue to improve
April 23, 2014
Freddie Mac released the February numbers for its latest Multi-Indicator Market Index, which shows that still more than half of the top 50 metro areas continue to record improving trends.
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Fed dialing back its support of the mortgage bond market

Just as peak home buying season approaches
March 27, 2014
Fed-purchased securities, which helped to spur the housing recovery, are poised to fall below growth as soon as May.
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Property taxes hit highest level in 20 years

States and local governments collect $488.34 billion in 2013
March 26, 2014
The total amount of property taxes collected by states and local governments was $488.34 billion in 2013.
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Continuing jobless claims rise to 2-month high

Initial jobless claims rise to 320K
March 20, 2014
Continuing jobless claims rose the most in two months, coming in well above analyst expectations for the eighth week in a row, according to the U.S. Department of Labor.
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Nomura: Inflation focus will inform Fed's forward guidance

Fed should continue taper despite soft patch
March 14, 2014
A note from Nomura Group warns that the economy has hit a soft patch in the first quarter of 2014, but that shouldn’t lessen the Federal Reserve’s commitment to tapering its monthly bond and Treasury purchases.
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Retail sales squeak out 0.3% gain in February

Weather not so much a factor, apparently
March 13, 2014
The cold weather blamed for weak sales in December and January didn’t come into play for February, as retail sales edged slightly higher, even as January’s numbers were revised down.
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Weekly jobless claims drop, beating expectations

Claims hit lowest level since December
March 13, 2014
Jobless claims beat expectations for the week of March 8 as initial claims fell 9,000 to a 315,000 level, beating most analyst predictions.
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Bad news: 4Q GDP tumbles 25% from initial estimate

Downward revision from 3.2% to 2.4% is worse than everyone thought
February 28, 2014
GDP growth in all of 2013 is now estimated as lower than 2012, and fourth quarter GDP growth has been revised downward 25%.
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Recovery questioned as jobless claims jump

CBO revises economic outlook downward
February 27, 2014
Things aren’t looking good for the labor market or for the economy in general, at least if you read deep into two reports from the federal government this week.
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Who says poor construction numbers won't bend positive trajectory?

One economist says housing demand still strong despite slowdown
February 19, 2014
Her take: Momentum in the housing market continues to slow but the upward trajectory in both supply and demand remains positive.
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