German home construction will rise to the highest in 12 years in 2014 as an increase in the country’s workforce and low borrowing costs fuel demand, according to two industry groups.
General Motors Co. posted its best month of U.S. auto sales since before the collapse of Lehman Brothers, joining other automakers reporting deliveries in May that exceeded analysts’ estimates on demand for pickups and sport-utility vehicles.
U.K. stocks rose for a third day as the Federal Reserve pledged to leave interest rates low for a considerable time and forecast the U.S. economy will continue to expand at a moderate pace.
U.S. stocks rose, after the Standard & Poor’s 500 Index had its worst day in a month yesterday, as small-cap shares reversed declines amid a faster-than-forecast gain in the pace of home construction.
Redfin’s Richardson Says Housing Recovery Still Rocky (Audio)
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