The housing recovery in the U.S. is running out of steam as buyers balk at record prices and higher mortgage rates that are making properties less affordable.
Service industries picked up in March as the biggest part of the U.S. economy began to recover from the unusually harsh winter weather, showing growth will speed up in the second quarter.
The number of Americans filing applications for unemployment benefits rose more than forecast last week after reaching a six-month low, a sign that progress in the labor market remains fitful.
Employers in the U.S. picked up the pace of hiring in March for a third month as the economy began to emerge from a weather-related setback, economists project a report will show today.
Fewer Americans filed applications for unemployment benefits last week, a sign employers are holding the line on firings even as cold weather slowed industries from manufacturing to housing.
Orders for durable goods dropped in October, pointing to a slowdown in U.S. business investment that will curb U.S. economic growth this quarter.
The number of Americans filing applications for unemployment benefits last week remained elevated, indicating the partial federal shutdown this month weakened the world’s largest economy.
The cost of living in the U.S. rose at a slower pace in January, giving the Federal Reserve scope to maintain stimulus to allow the world’s largest economy to strengthen further.
Orders for U.S. durable goods excluding the volatile transportation category unexpectedly climbed in January by the most in eight months, a sign manufacturing is emerging from a slump induced by harsh weather.
Demand for new U.S. homes was stronger than projected in March, showing more jobs and cheaper borrowing costs are helping stabilize the market.
"It's the reduction in affordability, the lack of inventory, also weak growth in median household income-- all these are contributing to the sluggish recovery in housing."
- Ryan Sweet on Apr 23, 2014
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