Building permits climbed in October to the highest level in more than five years, signaling the U.S. residential real-estate market will strengthen in 2014.
Home prices in 20 U.S. cities rose by the most since February 2006 in the 12 months through September, showing the housing market sustained progress even as borrowing costs climbed.
Service industries in the U.S. unexpectedly accelerated in October, a sign the biggest part of the economy is overcoming the policy gridlock that partially shut down the federal government.
Federal workers furloughed during the 16-day partial government shutdown will be counted as unemployed when the U.S. October jobs report is issued on Nov. 8, the Labor Department said today.
Confidence among U.S. homebuilders fell to a four-month low in October, underscoring the toll that partisan brinkmanship in Washington and the federal government shutdown are exacting on the economy.
Confidence among consumers declined to a five-month low in September as Americans’ views on the economy dimmed.
Capital spending at U.S. companies from Apple Inc. to 3M Co. is at the highest level since 2008 as upgrades to plants, property and equipment show some executives embracing the likelihood that the economy averts recession.
Fewer Americans signed contracts in July to buy previously owned homes, a sign that rising mortgage rates are starting to slow momentum in the housing market.
Orders placed with U.S. factories rose in June, pointing to further stabilization in manufacturing that may help lift second-half growth.
Home prices climbed more than forecast in October, indicating a rebounding real-estate market will bolster the U.S. economy for the first time in seven years.
"It reinforces the idea of steady, if moderate, employment growth."
- Ryan Wang on Nov 07, 2013