Jonathan Basile News
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Home sales probably rose in April to the highest level in more than three years, extending gains in residential real estate that are giving the U.S. expansion a lift, economists said before reports this week.
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Housing starts in the U.S. probably fell in April from an almost five-year high, indicating a pause in the industry’s progress as builders slowed work on apartment buildings, economists said before a report today.
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The rebound in U.S. home prices may be about to accelerate, according to Jonathan Basile, an economist at Credit Suisse in New York.
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Retail sales probably fell in April for a second consecutive month, hurt by cooling demand for automobiles, economists said before a report today.
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More Americans than forecast signed contracts in March to buy previously owned homes, another indication of progress in the housing market.
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Recession signals in the world’s largest economy are flashing red again.
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Retail sales rose more than forecast in December to end 2012 on a positive note, indicating Americans may be able to rise above Washington’s budget rancor to keep contributing to economic growth.
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Increases in online holiday shopping that have spurred the hiring and firing of thousands of express delivery workers is playing havoc with U.S. payroll data, and indicates employment will rebound in coming months, according to economists at Credit Suisse.
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The Bank of Canada will probably keep its main interest rate unchanged today and say that economic growth and price stability are still being threatened by Europe’s debt crisis.
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Retail sales fell in October as American consumers pulled back after a three-month shopping spree and superstorm Sandy slammed into the East Coast, shutting malls and auto showrooms.
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