The two-year-old U.S. housing recovery is faltering.
Companies in the U.S. added fewer jobs than forecast in May, a sign of uneven progress in the labor market, a private report based on payrolls showed.
This was supposed to be the year that U.S. mortgage rates soared. Instead, they’re retreating.
Melvin Watt, the overseer of Fannie Mae and Freddie Mac, broke five months of silence to help boost lending as slowing sales threatens the housing recovery.
Cliff Powell lost his job as a mechanical engineer in 2008 as Florida’s construction industry slumped. He hasn’t landed a lasting permanent position since.
To hire 10 to 15 project coordinators this year, Sabre Commercial Inc. has boosted pay 10 percent and added a 401(k) retirement plan.
As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.
Companies added more workers in April than at any time in the previous five months, signaling further progress in the labor market, a private payrolls report showed.
After a roller-coaster decade of boom-bust-boom, the U.S. housing market is going downhill just when many economists thought annual sales would be heading up.
"Making credit more available is vital to the housing recovery, which is vital to the economy."
- Mark Zandi on Jun 19, 2014
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